And he got it wrong. It was fueled by the fact that SVB has many startups keeping their paid-in capital in SVB accounts. The startups got word to withdraw money

And he got it wrong. It was fueled by the fact that SVB has many startups keeping their paid-in capital in SVB accounts. The startups got word to withdraw money from their investors. This made the bank run particularly swift, since all of a fund's portfolio is withdrawing at once.