Banks Walk the Plank 🏴☠️ | SVB, Silvergate, Mt.Gox, Mortgages & Bond Talk with a Baby Onboard
Pirates of Finance
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Is This the First Sellbo for Private Equity VCs?
The CEO of Silicon Valley Bank told his portfolio companies to take their money out. The deposits have just been just being sucked out because the startup companies are just burning through capital, he says. "It's kind of ironic everyone's talking about it was the low interest rate environment that enabled the excess of Silicon Valley" 'I'm not sure any bank can actually survive 100% bank like the capital is just not all there'
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