Chapter
Startups Risk Losing Millions in Silicon Valley Bank
36:43 - 43:33 (06:50)
Portfolio companies with millions of dollars in Silicon Valley Bank's money market funds managed by BlackRock or Morgan Stanley are at risk of losing money as SVP lost 30 cents on the dollar. Investors are now offering to buy claims for a fraction of the amount in the hopes of getting some return.
Clips
As the pandemic affects businesses, many capital allocators are looking at their wounded portfolio companies.
36:43 - 39:04 (02:20)
Summary
As the pandemic affects businesses, many capital allocators are looking at their wounded portfolio companies. Some companies did the right thing, but others are struggling, even though they have millions in Silicon Valley bank accounts managed by BlackRock or Morgan Stanley.
ChapterStartups Risk Losing Millions in Silicon Valley Bank
EpisodeE119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Silicon Valley Bank splits large portfolios of investors such as venture capitalists and distributes the money across two other accounts to increase liquidity.
39:04 - 40:44 (01:40)
Summary
Silicon Valley Bank splits large portfolios of investors such as venture capitalists and distributes the money across two other accounts to increase liquidity. Startups funded by these investors contact banks like BlackRock and Morgan Stanley to find out where their money market fund is held.
ChapterStartups Risk Losing Millions in Silicon Valley Bank
EpisodeE119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The fallout from Archegos' collapse could have a significant impact on the startup ecosystem, with SVP's creditors being offered prorated payments.
40:44 - 43:33 (02:49)
Summary
The fallout from Archegos' collapse could have a significant impact on the startup ecosystem, with SVP's creditors being offered prorated payments. One company was offered 60 cents on the dollar for their $100 million claim to help clear out toxic assets.