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the proximate cause for SVB collapsing was that YC partners and other VC bros took their money out of it, then told the companies they cared about to do the sam
by bananapub 2y ago
the proximate cause for SVB collapsing was that YC partners and other VC bros took their money out of it, then told the companies they cared about to do the same.
- paulsutter 2y agoI remember that weekend well. I was actually curious about the other bank and what crypto had to do with it.
- wbl 2y agohttps://en.m.wikipedia.org/wiki/Silvergate_Bank https://en.m.wikipedia.org/wiki/Silvergate_Bank