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I think this thread will have tons of views from people in the startup world that are likely to be SVB customers. If we all agree to not do run in the bank, it

by jtarud 4y ago

I think this thread will have tons of views from people in the startup world that are likely to be SVB customers. If we all agree to not do run in the bank, it will improve chances for SVB to make it through the next few days. I'll start with committing not to withdraw money my company [redacted] holds in the bank. We stand by SVB. I invite others to do the same.

huhneverthot 4y ago
Oh man I actually laughed out loud at this. I don't think your HN comment is going to do anything in the face of the classic prisoner's dilemma.
- brian_cloutier 4y ago
  Prisoner's dilemma is a situation where you're only playing the game once, and you have no way to interact with the other participant. To the extent that this is a single bank run and the other actors are mostly anonymous and there is no way to verify whether or not someone has withdrawn their money then yeah this is a classic prisoner's dilemma and your only hope is to quickly get in line. However, trying to change the game is also a viable strategy! Public non-anonymized commitments like this are exactly how you tie this into our broader iterated game and escape the nasty equilibrium of prisoner's dilemma.
mrelectric 4y ago
I wouldn't share my company name in this context.
- disgruntledphd2 4y ago
  Oh wow, I only saw the [redacted] version. Probably for the best.
- PakistaniDenzel 4y ago
  it's trivial to figure out the company from his username + bio though..
whitemary 4y ago
And you people think socialists are naive? You should probably delete the company name, for your own good.
greenie_beans 4y ago
this comment will be legendary.
nscalf 4y ago
Oof, absolutely terrible idea. The first priority always has to be making sure your business survives. You’re doing a disservice to your investors and employees.
orf 4y ago
I guess it’s kind of sweet and innocent to have such faith that a group of disparate people would act against their own self interest for only a nebulous future “common good” outcome, and that would be sparked by a comment on an internet forum. Makes me feel kind of jaded to be honest. But maybe that’s the problem with society. Maybe we all just need to band together and not be swallowed by despair. Screw it - I also pledge to not withdraw any of my 0$ from SVB.
- henly 4y ago
  How sweet of you, Brian. I pledge to not take out another loan.
mrbukkake 4y ago
pinkwojakscreaming.png
- baggot 4y ago
  [flagged]
confidantlake 4y ago
This did not age well.
sergiomattei 4y ago
RIP

by jtarud 4y ago

huhneverthot 4y ago

Oh man I actually laughed out loud at this. I don't think your HN comment is going to do anything in the face of the classic prisoner's dilemma.

brian_cloutier 4y ago
Prisoner's dilemma is a situation where you're only playing the game once, and you have no way to interact with the other participant. To the extent that this is a single bank run and the other actors are mostly anonymous and there is no way to verify whether or not someone has withdrawn their money then yeah this is a classic prisoner's dilemma and your only hope is to quickly get in line. However, trying to change the game is also a viable strategy! Public non-anonymized commitments like this are exactly how you tie this into our broader iterated game and escape the nasty equilibrium of prisoner's dilemma.

mrelectric 4y ago

I wouldn't share my company name in this context.

disgruntledphd2 4y ago
Oh wow, I only saw the [redacted] version. Probably for the best.
PakistaniDenzel 4y ago
it's trivial to figure out the company from his username + bio though..

whitemary 4y ago

And you people think socialists are naive? You should probably delete the company name, for your own good.

greenie_beans 4y ago

this comment will be legendary.

nscalf 4y ago

Oof, absolutely terrible idea. The first priority always has to be making sure your business survives. You’re doing a disservice to your investors and employees.

orf 4y ago

I guess it’s kind of sweet and innocent to have such faith that a group of disparate people would act against their own self interest for only a nebulous future “common good” outcome, and that would be sparked by a comment on an internet forum. Makes me feel kind of jaded to be honest. But maybe that’s the problem with society. Maybe we all just need to band together and not be swallowed by despair. Screw it - I also pledge to not withdraw any of my 0$ from SVB.

henly 4y ago
How sweet of you, Brian. I pledge to not take out another loan.

mrbukkake 4y ago

pinkwojakscreaming.png

baggot 4y ago
[flagged]

confidantlake 4y ago

This did not age well.

sergiomattei 4y ago

RIP