4 ms·
What equity are you talking about? It’s already wiped out, anyone can buy SVB for $1
by drexlspivey 4y ago
What equity are you talking about? It’s already wiped out, anyone can buy SVB for $1
- blagie 4y agoEquity in startups which had deposits there. If you need $100k next month to meet payroll, and you had it deposited in SVB, the Fed will cut you a cheque for $100k, and in return, receive $100k in equity at the more advantagous (to the Fed) of your last valuation and your next valuation.
- malermeister 4y agoEquity in the startups in question.