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Andy Rachleff on SVB, how to evaluate VCs, market pull indicators, Wealthfront, and more | E1699
This Week in Startups
Why Shouldn't You Have Your Money in Silicon Valley Bank?
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The bank bought long term bonds which is the opposite of what a treasurer is supposed to do. This and we really just need to reiterate like this Peter till caused it nonsense. The on Wednesday after the bell that's when as we be so the bank put out the press release about rebalancing its balance sheet. People are taking this like correlation doing causation.
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