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E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
All-In with Chamath, Jason, Sacks & Friedberg
The Second and Third Order Effects
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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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