Episode Summary:
In this episode, we dive into the recent events in the banking world and how they're affecting those in the digital agency space. We discuss the impact of banks like Silicon Valley Bank on vendors and clients, and the potential risk exposure on the receivable side. We also explore the role of social media in creating a "run" on these banks and how quickly the situation was rectified. Later, we delve deeper into the banking crisis and its impact on businesses and startups. We discuss the importance of understanding how banks use deposits for arbitrage and the need for businesses to be more vigilant in managing their cash. We also touch upon potential regulatory changes in the banking industry and how they may affect operations and risk management for businesses. Additionally, we share our thoughts on an interesting book on leadership and culture, as well as a unique animated sports broadcast. Don't miss out on this insightful and timely conversation about the evolving landscape of banking and its impact on the digital agency space.
Chapters:
(0:00:02) - Social Media Pump & Dump
(0:09:04) - Banking Crisis Impact
Chapter Summaries:
(0:00:02) - Social Media Pump & Dump (9 Minutes)
In this episode, we discuss the recent events in the banking world and how it affects those in the digital agency space. We talk about the impact of banks like Silicon Valley Bank and others on vendors and clients, and the potential risk exposure on the receivable side. We also explore the role of social media in creating a "run" on these banks and how quickly the situation was rectified. Additionally, we touch on the impact on e-commerce platforms like Shopify and Etsy, as well as the reactions of venture capital firms and other large players in the industry.
(0:09:04) - Banking Crisis Impact (13 Minutes)
In this chapter, we delve into the banking crisis and its impact on businesses and startups. We discuss the importance of understanding how banks use deposits for arbitrage and the need for businesses to be more vigilant in managing their cash. The conversation also touches upon the potential regulatory changes in the banking industry and how it may affect operations and risk management for businesses. Additionally, we highlight an interesting book on leadership and culture, and share our thoughts on a unique animated sports broadcast'
