4 ms·
Probably not, SVB’s exposure was unique in that most investments during 20-21 were in crypto and web3. Both those technologies have yet to see real revenue… so
by arpowers 4y ago
Probably not, SVB’s exposure was unique in that most investments during 20-21 were in crypto and web3.
Both those technologies have yet to see real revenue… so in turn, lots of companies have been drawing down their balance for the last 18 months without 1. Making money or 2. Raising more.
TLDR the amount of money invested in speculative and unrealized companies led to unique exposure for svb