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It also seems possible that some VCs have their personal funds tied up in SVB.
by BadCookie 4y ago
It also seems possible that some VCs have their personal funds tied up in SVB.
- adastra22 4y agoA LOT of them do. And late-stage founders as well. You know how people like Elon cash out their shares via collateralized loans? What bank do you think processes those loans? And SVB really didn't like to be transactional--they work hard to make sure your SVB collateralized loan is linked to a SVB checking account and a SVB founder-shares-backed mortgage for your 5,000 sqft mansion in Los Altos Hills.