4 ms·
Do you and/or your friends personally have the assets to make SVB whole? If you were proposing to put substantial “skin in the game” (very dated 1980s business
by onecommentman 4y ago
Do you and/or your friends personally have the assets to make SVB whole? If you were proposing to put substantial “skin in the game” (very dated 1980s business-speak) you might receive a more positive reception.
Right now, it is mostly a regional problem, since the “startup industry” did not diversify much outside the Bay Area, or the Pacific Coast. Industries with a broader national reach maintain a broader and deeper lobbying presence in Washington and thus get more Federal attention. Might be a lesson-learned here. Along with the most elemental due diligence in financial risk management.