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by exhibitapp
1199 days ago
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For people not directly involved in this mess - it's hard to describe how herdy the SV echo chamber is. Imagine your high school politics with 100x the ego 1,000,000,000x the money. In the matter of hours every major VC on my cap table was texting/emailing me about the situation on thursday. Half saying no reason to panic the other half screaming bloody murder. The asymmetric outcome here of keeping vs moving was obvious, assuming you already had another bank account open and the ability to quickly move payroll/ap over. This gets much harder the larger you are. I will miss the SVB sponsored events |
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