The Memo by Howard Marks cover image

Lessons from Silicon Valley Bank

The Memo by Howard Marks

CHAPTER

The Psychological Impact of the SVB Collapse

S.V.B.'s failure could mean startup world will have a tougher time getting financing in the months ahead. The failures likely aren't enough to bring on a credit crisis, but they could contribute to one. As President Franklin D. Roosevelt said in his 1933 inaugural address during the Great Depression, the only thing we have to fear is fear itself.

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