[youngtaff]

> It’s true that investors had been aware at the latest since its 10-Q filing on Nov. 7 that it had sustained unrealized losses among its held-to-maturity (HTM) portfolio large enough to wipe out its entire $15.8 billion in shareholder equity. While this would theoretically render it insolvent were they to materialize in full, SVB Financial was dismissive of the risks.

"SVB collapse highlights $620 billion hole lurking in banks’ balance sheets" -https://archive.is/qnwYh

Also short sellers worked it out a while back

"A Silicon Valley Bank short seller explains how he knew the bank was in trouble months ago" - https://archive.is/XaKkt

[dlubarov]

I stand corrected, though the point remains that if everyone tried to exit once that news came out on Nov 7, we still would have had a bank failure with roughly the same shortfall.

[youngtaff]

> though the point remains that if everyone tried to exit once that news came out on Nov 7, we still would have had a bank failure with roughly the same shortfall.

True, we’d need to look at previous filings to understand when it could have first been worked out

VCs should have kept a closer eye on where their cash was, but perhaps they were too enamoured with the benefits they were getting from SVB