6min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

What Happens When You Have to Sell a Lot of Assets Very Fast?

The rate at which deposits are coming out of the bank can actually impact the asset value held at the bank. And that's fundamentally what a run on the bank causes. Within 24 hours, every CEO and every venture capitalist was on a chat group or on a message group with other people in the Valley. The reverse I think happened yesterday where the herd mentality drove us all to rush for the door as quickly as possible.

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