This has always been the way of Silicon Valley. I was there in San Francisco during the first dot-com bubble. https://en.wikipedia.org/wiki/Dot-com_bubble htt

This has always been the way of Silicon Valley. I was there in San Francisco during the first dot-com bubble. https://en.wikipedia.org/wiki/Dot-com_bubble https://en.wikipedia.org/wiki/Dot-com_bubble I remember when the market crashed and being on Market and watching all these young people walk around shell-shocked by the crash and everyone getting laid off. I saw these code warriors, soon to be unemployed, with my own eyes. They were like walking zombies, I swear to you. Fear permeated everywhere. High risk and bullshit has always been the game in the Bay Area. It always will be. Venture capital companies look at thousands of business plans a year. One out of a thousand get funding. Of those, maybe one out of 200 makes money, and 1 out of 10,000 of those is a unicorn. And that unicorn is where all the venture capitalists make their money back to cover all the other losses in the companies that don't make it. If the whole USA economy doesn't crash from a ripple effect on Silicon Valley Bank, don't you worry none - Silicon Valley will be back to its old tricks in no time. It will be back because this is what the entire Bay Area is geared to - high risk, high reward. Just like Hollywood is geared to entertainment and Taiwan to the chip industry. There are thousands and thousands of other companies all geared to those ecosystems, and it cannot be duplicated elsewhere. As far as Silicon Valley, it is worth it - consider all the tech - computers, networking, and all the different IT categories, and then all the specific companies exploiting those industry categories. It would never exist without Silicon Valley and the synergies found there. The risks that Silicon Valley takes filter throughout the entire world and help the entire world. Mostly. I consider social media as filth, as well as privacy stuff, but besides that... Will a lot of businesses go out of business? Undoubtedly. But those that fail are the weak companies, just like Silicon Valley Bank. And the space that the failing companies leave can be filled by new stronger companies, just like after the dot-com bust. The Bay Area didn't go down the tubes after the dot-com bubble bust. It won't now. California would be the 5th or 6th largest economy in the world, and SF Bay Area and Los Angeles by themselves would be the 16th and 17th largest economies in the world. It's not going to go away. The ecosystem is too big. All the highly trained specialized people will still be there, ready for their next conquest. The Bay Area is all about failure, too. Startups go up in smoke all the time.