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Except SVB’s customers aren’t “normal people”… they’re VCs, their funds and portfolio companies

• erincandescent 4y ago
  ...portfolio companies which need to make payroll payments to normal people
  • youngtaff 4y ago
    Still doesn’t make the majority of SVB’s customers normal people
    • kreutz 4y ago
      With thousands of your "normal people" on payroll by proxy.
      • youngtaff 4y ago
        Those normal people still aren't SVB customers… they don't decide where their employer banks or why they bank there Yes, they're exposed to SVB failing but as everything in life we're all exposed to failures we have no influence over VCs, founders etc had influence over where companies money was kept, and ultimately whether to start a run on the bank and kill it