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Agreed. I wish the VC community had come together and financed a stock purchase with SVB to recapitalize it instead of running for the hills. Unfortunately, VCs
by ummonk 4y ago
Agreed. I wish the VC community had come together and financed a stock purchase with SVB to recapitalize it instead of running for the hills. Unfortunately, VCs aren't exactly known for their community-oriented mindset.
- startupsfail 4y agoSad thing is that the defectors are clearly the short-term winners in that case. Long term, the purchasing power of the Valley will be diminished and financial services disrupted. This might result in substantial disruption of businesses and cascades of business failures. Which may in turn affect defectors. But this seems to be the only negative feedback loop.