4 ms·
Many here seem to purely be blaming the VCs for what happened. I would think the bank has the primary blame for making unwise investments with their depositor’
by aik 4y ago
Many here seem to purely be blaming the VCs for what happened. I would think the bank has the primary blame for making unwise investments with their depositor’s money. And I get the VCs caused the bank run by wanting to protect the startups they support. I don’t blame them for reacting to the news of the failing bank. Do you blame the general population for the Great Depression in the 1920s when the bank run happened then? I don’t think so? It was a consequence of a greater issue. Just like VCs actions were a consequence of the greater issue of how the bank managed the funds.