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by rvz 956 days ago
Gizmodo: We made it up for the click/ragebait.

I do recall earlier this year that SVB was the most trusted bank for these VCs and the startups in Silicon Valley for decades and was one of the biggest bank failures since 2008.

Had the government not intervened (and bailed them out), the entire VCs and startups with their deposits would have been wiped out clean.