Venture capital withdrew $42 billion in funds by the end of the day. There's a specific venture capital, so they're having the fingers pointed to them more than others. The same thing happened with Bear Stearns 15 years ago. I don't think people realize that the concentration wasn't even just a sector specific concentration but it was concentrated to a couple dozen individuals.
Kara, Scott, and William D. Cohan are back with a bonus episode to talk through Silicon Valley Bank’s 48 hour collapse. What does its fall mean for tech? Who's to blame? Will depositors be made whole?
You can follow William D. Cohan at @WilliamCohan.
We’ll be back with a regular episode on Tuesday!
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