hardstartuper
Re:
on Monday March 13, 2023 @07:23PM (#35144683)
Looks like some VCs came together after all. This would be too much of a loss to the startup community.
Re:Joint Statement by the Department of the Treasury, Federal Reserve,...
on Sunday March 12, 2023 @09:54PM (#35129718)
Well said
Re:FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signa...
on Sunday March 12, 2023 @09:36PM (#35129525)
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-wi...
Re:Venture Capital Statement of Support for SVB
on Sunday March 12, 2023 @09:25PM (#35129411)
That's great to hear but where were some of them spreading a different message on Thursday?! $42B was withdrawn on Thursday from SVB! SVB on it it's own, some VCs and some startups just killed their own circle of support.
https://www.bloomberg.com/news/articles/2023-03-11/svb-depos...
Re:Joint Statement by the Department of the Treasury, Federal Reserve,...
on Sunday March 12, 2023 @09:23PM (#35129384)
$42B was withdrawn from SVB on Thursday. That's a lot of $$$ in one day. No wonder this collapsed. CRO/CEO should be held accountable, including their poor messaging that started this. So should anyone who was spreading the panic including some VCs and startups.