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2min chapter
SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
My First Million
Did You Get Impacted by AngelList?
I had money in Silicon Valley bank through my my fund. We got it all transferred out to a bank I've never heard of. One guy told me that he wired 70 million dollars out of his SVB accounts that morning into his personal Morgan Stanley account. He didn't want to wait for a bank account in the business name to open because that would take 24 48 hours. In normal circumstances that would be maybe not illegal, but hugely frowned upon.
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