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“Becker held the roughly 10-minute call with investors at about 11:30 a.m. San Francisco time. He asked the bank’s clients, including venture capital investors,
by startupsfail 4y ago
“Becker held the roughly 10-minute call with investors at about 11:30 a.m. San Francisco time. He asked the bank’s clients, including venture capital investors, to support the bank the way it has supported its customers over the past 40 years, the person said.”
The above was the right answer that would have maximized the wealth generating machine.
- ummonk 4y agoAgreed. I wish the VC community had come together and financed a stock purchase with SVB to recapitalize it instead of running for the hills. Unfortunately, VCs aren't exactly known for their community-oriented mindset.
- startupsfail 4y agoSad thing is that the defectors are clearly the short-term winners in that case. Long term, the purchasing power of the Valley will be diminished and financial services disrupted. This might result in substantial disruption of businesses and cascades of business failures. Which may in turn affect defectors. But this seems to be the only negative feedback loop.