S3 E9: SVB - Asking The Questions No-One’s Talking About
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Is There a Catch to It?
A lot of people moved to Brex. American Express also has like business banking as well. Some memo got leaked or some memo was put out and it became a signal for people to immediately start taking their money out. And so they didn't get their money. They were worried about what they'd have to do over the weekend. A bunch, not virtually all, but probably 20% of the startups I've invested in emailed and either said we have exposure or we don't have exposure.
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