What isn't being discussed is that SVB was probably seeing an initial drawdown in deposits because VC funding has locked up and startups are just burning throug

What isn't being discussed is that SVB was probably seeing an initial drawdown in deposits because VC funding has locked up and startups are just burning through cash and can't raise money. SVB was likely a bet across the entire startup economy that funding wouldn't dry up. This probably foreshadows waves of startups failing as they run out of runway.