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I have barely been in silicon valley but this level of centralization sounds absolutely bonkers. Why did 50% of VCs and their startups and their mom bank all b
by EGreg 4y ago
I have barely been in silicon valley but this level of centralization sounds absolutely bonkers.
Why did 50% of VCs and their startups and their mom bank all bank at the same bank?
Decentralization seems to get a bad rap in the valley
- neom 4y agoBum rubs and handsakes. The amount of pressure I see founders get to put the funds in SVB is nuts, I presume a lot of VCs/founders must personally have invested in the bank stock.