It’s more subtle, because these startups exist due to VC investment. Those VCs probably recommended and even set up their portfolio startups with SVB accounts.

It’s more subtle, because these startups exist due to VC investment. Those VCs probably recommended and even set up their portfolio startups with SVB accounts. And a high percentage of these companies were heading to failure due to the nature of these ventures. I’m not so sure taxpayers should be responsible here. Why don’t VCs double down and make their investees whole? They’re the ones who bankroll and believe in these ideas, and stand to make 1000x profits in their successful exits.