Chapter
Financial Plumbing of Silicon Valley Turned Off
02:44 - 07:21 (04:37)
Silicon Valley Bank, who is used by 50% of venture-backed startups and the majority of venture firms, has suffered a technical outage leaving many companies and investors unable to access their funds in a time of economic struggle.
Clips
Thousands of companies are experiencing the acute effects of the pandemic, causing a state of panic and distress amongst investors and consumers.
02:44 - 04:40 (01:56)
Summary
Thousands of companies are experiencing the acute effects of the pandemic, causing a state of panic and distress amongst investors and consumers. The idea of bailing out big tech is not favored by many.
ChapterFinancial Plumbing of Silicon Valley Turned Off
EpisodeE119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The potential bankruptcy of Silicon Valley Bank can cause a run on the regional banking system, similar to what happened in 2008, and can lead to a significant impact on startups and venture firms.
04:40 - 07:21 (02:41)
Summary
The potential bankruptcy of Silicon Valley Bank can cause a run on the regional banking system, similar to what happened in 2008, and can lead to a significant impact on startups and venture firms. Silicon Valley Bank has been a key financial player for the startup industry and is known for providing loans to general partners of venture firms.