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> I'd love to see the partners of Sequoia, Union Square, YC, and other VC firms grilled by members of Congress over this. Yup, and how Peter Thiel and his fund
by FireBeyond 4y ago
> I'd love to see the partners of Sequoia, Union Square, YC, and other VC firms grilled by members of Congress over this.
Yup, and how Peter Thiel and his fund just so happened to say "You need to move your money out of SVB, and you need to do it TODAY", on Thursday, to all their startups...
- numbsafari 4y agoAnd by Friday night were offering those same people bridge loans via Brex…
- flangola7 4y agoThat doesn't sound like bad advice from him
- Aperocky 4y agoIt's a self fulfilling advice. Though granted, SVB is a ticking time bomb since all of their deposit went to low yield long term securities. So such a run would have been an eventuality in the current interest rate. The question is, who else is doing this.