5min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Second and Third Order Effects

The Silicon Valley bank has been unable to make payroll for hundreds of companies. The company Rippling could not hit their payroll cycle today because they had money tied up at the bank. This is a, this would be a lost decade, a lost decade for Silicon Valley," says CNN's John Defterios. "It torches years of US innovation and you should not let that happen"

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