Big Technology Podcast The Fallout from Silicon Valley Bank's Failure — With Om Malik and Chris Tolles
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Mar 15, 2023 
Om Malik, partner emeritus at True Ventures and former tech journalist, teams up with Chris Tolles, a Silicon Valley entrepreneur and ex-CEO of Topix, to dissect the fallout from Silicon Valley Bank's collapse. They delve into how the bank's failure has shaken the tech landscape, igniting mixed emotions from tech insiders. The discussion touches on the shift from personal banking relationships to transactional models, the role of venture capitalists during the crisis, and the urgent need for new perspectives in a changing society.
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Gathering Perspectives
- Chris Tolles spoke with friends at SVB, VCs, and a CEO who got money out early.
- He also talked to a friend with 25 years of banking experience, gaining diverse perspectives.
Emotional Toll
- Om Malik described the emotional toll of the SVB collapse on founders.
- Uncertainty and the fear of the Valley falling apart created widespread dread.
Illiquidity Distress
- Chris Tolles recounted his experience with illiquid auction rate securities in 2007.
- This experience highlighted the importance of understanding bank balance sheets and diversifying funds.