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What would you call it if a VC was sending group chats to founders telling them to withdraw from a specific bank? Seems like ringing a bank run bell to me. My
by Phlarp 4y ago
What would you call it if a VC was sending group chats to founders telling them to withdraw from a specific bank? Seems like ringing a bank run bell to me.
My understanding is that insider knowledge on the risk literally precipitated the run as more and more founders were trying to move all their money out at the same time.