They were not "persons", they were "companies", and, as such, every financial-related action that such a company carries out (like choosing the shady bank inste

They were not "persons", they were "companies", and, as such, every financial-related action that such a company carries out (like choosing the shady bank instead of a well-established one) might in fact bring it down. That's how business works for companies. And SVB was a shady bank, hence why it had begun to run out of funds before the VCs started losing their minds on Twitter, and also because there are many stories of them (SVB) opening up accounts and giving lines of credit much more freely compared to an established bank or even to a more cautious "mom-and-pop" bank.