I expect there is a story to be told about SVB's relations with the VC community. Clearly it was providing financial services structured for the startup ecosys

I expect there is a story to be told about SVB's relations with the VC community. Clearly it was providing financial services structured for the startup ecosystem, and there is great value in that. Wanting a relationship with SVB makes sense. But allowing that relationship to prevent you from properly managing your risk is a mistake. It looks like a LOT of VCs made that mistake.