[labster]

I see it the other way around. The VCs started a panic. Name one other bank that could survive $42 billion in withdrawals in a single day. Other than Bank of Zimbabwe, obviously. Even Wells and JP Morgan would collapse under that strain. The VCs caused their own pain.

[scopendo]

The panic was started by SVB, not VCs. Abstract this to any other bank and the reaction would have been the same.