Chapter
Startups and the Archegos Scandal
34:05 - 36:43 (02:38)
Startups were hit hard by the Archegos scandal and took a massive loss, as they could not deposit more money into the bank but continued to spend at the same rate. Janet Yellen, US Treasury Secretary, has stated that the situation is being monitored.
Clips
The hosts discuss the urgent need for the Treasury and the Fed to take action on the Silicon Valley Bank situation to prevent it from causing further market disruptions.
34:05 - 35:05 (00:59)
Business/Finance
Summary
The hosts discuss the urgent need for the Treasury and the Fed to take action on the Silicon Valley Bank situation to prevent it from causing further market disruptions.
ChapterStartups and the Archegos Scandal
EpisodeE119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Silicon Valley Bank took a massive loss of billions of dollars after they sold early and spent at the same rate they were spending, despite not being able to deposit more money into the bank due to quick and violent rate hikes.
35:05 - 36:43 (01:38)
Silicon Valley Bank
Summary
The Silicon Valley Bank took a massive loss of billions of dollars after they sold early and spent at the same rate they were spending, despite not being able to deposit more money into the bank due to quick and violent rate hikes.