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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Is This a Black Swan Event?
SVB didn't have to do this. They were trying to do the right thing. And that did not go unpunished. Maybe they should have just held onto these treasuries. Or this will be really simple. They just made a bad trade and a panic started. This exists as a concept in the world because it is so unique. You really don't get to witness things like this happen. But I would say for Silicon Valley, a black swan will be something you haven't seen before.
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