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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
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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