The Founders Fund Is Advancing That Its Own Portfolio Companies Should Withdraw Funds From SGB

The Founders Fund is advising that its own companies should withdraw funds from Silicon Valley Bank. The bank's CEO has been out there trying to reassure clients as to what the stock drop means. Once these things start, this is a classic bank run. Unfortunately, this is the way banks work. They rely on trust. When they lose that trust, that things really will happen.