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I mean, that's where all the current hype and VC is, so it's not too surprising. From my layman's perspective, the collapse of SVB seems to have tightened the
by teqsun 2y ago
I mean, that's where all the current hype and VC is, so it's not too surprising.
From my layman's perspective, the collapse of SVB seems to have tightened the belt on the startup scene, with AI-hype bubble(?) being the only viable escape hatch.
- SkyPuncher 2y agoInterest rates, not SVB have caused the belt tightening.
- devoutsalsa 2y agoOne service that SVB provided that is uncommon for a typical bank is venture debt financing. I'm curious what percent of venture debt financing was provided by SVB, how big the market for that was before SVB collapsed, and how much venture debt financing is done now.
- gonzo41 2y agoWell in a way, the hype train killed SVB.
- chollida1 2y agoWhat specific link between SVB and belt tightening do you see? SVB was pretty much a non event for the vast majority of companies and people. And 3 months after the collapse I didn't see a single story about it in the startup scene. What link are you drawing and what data are you basing it on?
- teqsun 2y agoI already admitted to being a layman, but I'm referring to SVBs venture debt offerings. I was under the understanding that the SVB collapse was so devastating (and the reason there was the government bailout that went above FDIC) was because the lucrative venture debt offerings SVB had were contingent on having all your money and payroll through the SVB account.