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The Impact of Bank Failures on the Tech Industry
A lot of innovation comes out of the PhD programs that a public sector funded In fact, I believe that Google was a PhD project That eventually has been used to create billions of dollars of wealth By the private sector. If the government hadn't come in and backstopped all the deposits at Silicon Valley Bank Yeah, I mean, I'm sure you have personal relationships of people who are impacted Absolutely I do as well. It's not uncommon for a single bank failure To turn into a more generalized banking crisis And we saw that in 2008.