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by vkou 1195 days ago
VCs started a bank run because the bank they were using was insolvent.

That's not their fault. Would you keep your money in an insolvent bank?

1 comments

I think they were solvent im the beginning of the week. But idk if it was just because they didn‘t have to mark their underwater investments to market
That’s a peculiar definition of “solvent”
It's the one banks and regulators use, though!