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Silicon Valley Bank collapse recap + Wist CEO on capturing XR memories | E1697
This Week in Startups
What's the Definition of a Bank Run?
"This was terrifying to witness up close and personal because it was the prisoners dilemma where like either you leave or you stay in jail forever," he says. "On Saturday we had no reaction from the president of the United States Janet Yellen just the Fed." He offers Silicon Valley Bank's founders a loan if they can't get their money out, which would have covered half a million to a milli for several weeks. 'I think within a couple of weeks if this stuff didn't get released to furloughed staffs is an understatement'
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