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It's been a long time since we’ve seen a good old fashioned bank run lead to the collapse of a venerable financial institution, but leave it to Silicon Valley to rediscover something old and call it new again. We are joined by Brian Merchant — LA Times tech columnist and author of Blood in the Machine — for a post-mortem on Silicon Valley Bank, breakdown its events and effects, and hold Ed to account for his incitements to violence against the most marginalized and traumatized people of them all: venture capitalists.
••• Brian’s column: https://www.latimes.com/business/technology/story/2023-03-12/column-silicon-valley-bank-is-broken-because-silicon-valley-is-broken
••• Brian’s book: https://www.littlebrown.com/titles/brian-merchant/blood-in-the-machine/9780316487740/
••• Brian’s twitter: https://twitter.com/bcmerchant
Some stuff we reference
••• The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank | Ed Ongweso Jr. https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html
••• Silicon Valley Bank profit squeeze in tech downturn attracts short sellers https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3fa7
••• Startup Bank Had a Startup Bank Run https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run
••• How Bad Was the Silicon Valley Bank Bailout? https://www.nytimes.com/2023/03/14/opinion/silicon-valley-bank-bailout.html
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Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)
