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4min chapter
E120: Banking crisis and the great VC reset
All-In with Chamath, Jason, Sacks & Friedberg
The Fed Created a Buyer of Last Resort
Sebastian Sax: If VCs have SVB as an investor and then they're directing startups to use SVB, that is a conflict that should be disclosed. He says he never directed his startups to bank at SVB or take venture debt from the company.Sax: I think Shammoth is right that when there is a bank failure or any kind of failure this big, then all the practices are going to be under a microscope.
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