Silicon Valley Bank - Is the Customer Base Diversified?

The Silicon Valley Bank had to do was take some of their available for sale securities, sell them and replace that with common stock. As soon as they did that to be compliant with regulations, it was like, Leslie Nielsen, nothing to see here. And so what they failed to grasp is that the customer base. It's not diversified. They're not certainly customers, all in the country, although they are, but they're all of the same early stage. And so they ran. Ben: Wall Street Journal seems to think that if the bank had been entirely run by white men, we wouldn't have had this problem.