What Happened to Venture Capital Investors and Startup Founders?

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SBB Bank had a problem with the 10-year mortgage-backed securities. The bank announced it was going to be selling stock and raising new cash. A few key venture investors, like Peter Thiel, Founders Fund, said they were concerned about their money. "First call was, get the money out," he says.

SVB’s collapse is the biggest bank failure since 2008. Insider’s Ben Bergman explains why the bank collapsed, why the Biden administration intervened, and what this means for the economy writ large.

This episode was produced by Avishay Artsy and Victoria Chamberlin, edited by Matt Collette and Amina Al-Sadi, fact-checked by Laura Bullard and Amanda Lewellyn, engineered by Paul Robert Mounsey and Patrick Boyd, and hosted by Noel King.

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