How Much Unrealized Losses Do Startups Have?

The Silicon Valley Bank had $120 billion worth of fixed-rate securities. When the Fed began aggressively raising rates, the value of those securities went down from $120 billion to about $100 billion. So they had $20 billion in unrealized losses. The last thing they could do is use their loans and borrow from the Fed. But again, those loans values are also not worth that much.

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