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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
The FDIC Shutdown of Silicon Valley Bank
The Federal Deposit Insurance Corporation shut down Silicon Valley bank. The bank had some balance sheet issues and we'll get into those in a moment. This means they went from trading at a $16 billion market cap to being shut down entirely in two days. And so this is Black Swan territory.
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