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E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
All-In with Chamath, Jason, Sacks & Friedberg
What's Happening in Silicon Valley?
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In the last 36 hours, a key part of the financial plumbing of Silicon Valley has basically been turned off. And as a result, billions of dollars of deposits have basically been frozen. This means that people can't pay their bills. It means that credit lines could be in default. The impact could also hit GPs, general partners to people who run venture firms.
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