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FT Alphaville hits the nail on the head: The fault, dear VCs, is not in your stars. It's in you. "As the news of the Silicon Valley Bank collapse reverberate
by logifail 4y ago
FT Alphaville hits the nail on the head:
The fault, dear VCs, is not in your stars. It's in you.
"As the news of the Silicon Valley Bank collapse reverberates through the technology ecosystem — and investors and founders alike furiously Google terms such as “available-for-sale” and “held-to-maturity” — even some of our most prominent financiers, like ‘PayPal Mafia’ member David Sacks, are learning once again how banks work, the hard way."
https://www.ft.com/content/6ba95c9b-9be6-4d62-b4ac-b12e1e7ed68e https://www.ft.com/content/6ba95c9b-9be6-4d62-b4ac-b12e1e7ed...
( https://archive.is/4cnog https://archive.is/4cnog )