123. How to Profit From Any Financial Crisis
Alfalfa Podcast
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Silicon Valley Bailing Out
60% approximately of Silicon Valley banks assets, you know, deposits were these are these are startups. So that's tremendous. What would have taken place here if depositors as in these startups did not get their deposits back would have literally flushed the entire innovation of the United States down the toilet. There was this meme going around where it's like every time one of these big banks goes down and ask the government for money or a bailout. They referred to it as a Silicon Valley bailout. But that's not true. First of all, because Silicon Valley bank did not get a bailout. And people are so misguided on Twitter about the difference between venture capitalists, investors in general, founders and employees
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