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by FireBeyond 1192 days ago
> I'd love to see the partners of Sequoia, Union Square, YC, and other VC firms grilled by members of Congress over this.

Yup, and how Peter Thiel and his fund just so happened to say "You need to move your money out of SVB, and you need to do it TODAY", on Thursday, to all their startups...
2 comments
numbsafari 1192 days ago
And by Friday night were offering those same people bridge loans via Brex…
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flangola7 1192 days ago
That doesn't sound like bad advice from him
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Aperocky 1192 days ago
It's a self fulfilling advice.

Though granted, SVB is a ticking time bomb since all of their deposit went to low yield long term securities. So such a run would have been an eventuality in the current interest rate.

The question is, who else is doing this.

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