Re:FDIC Takes over Silicon Valley Bank
by sophacles on Friday March 10, 2023 @12:21PM
(#35097598)
Isn't the investor justification for taking a huge chunk of profits "we take risk"? I fail to see how this is unfunny just because the risk you took played out in the bad way.
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Re:FDIC Takes over Silicon Valley Bank
by serial_dev on Friday March 10, 2023 @12:29PM
(#35097757)
I believe they didn't think that the biggest risk to their investment would be the bank the co-founders chose.
Perhaps it wasn't the biggest risk at the time. Still a risk though.