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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Silicon Valley Bank's Deposits Jumped From 61.8 Billion at the End of 2019
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Silicon Valley Bank's deposits jumped from 61.8 billion at the end of 2019 to 189 billion by 2021. The bank bought over $80 billion in mortgage backsecurities, MBS like US Treasuries. And then you know what happened? The Fed raised rates at a faster pace than anybody could ever have imagined.
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