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Asia Tech Podcast

EP 263 - David Gritz - co-Founder and Managing Director of InsurTech NY - The Run on Silicon Valley Bank: Hypocrisy, Fiduciary Responsibility, and Moral Hazard

Mar 14, 2023
29:18

Asia Tech Podcast welcomed David Gritz, a co-Founder and Managing Director of InsurTech NY to the show to do an emergency pod about the situation surrounding Silicon Valley Bank.

Some of the topics that David covered:

  • Silicon Valley was not a traditional bank and built services specifically for startups and VCs
  • SVB's asset and liability duration mismatch and why it mattered
  • Largely repealing Glass-Steagall in 1999 was one of the worst regulatory choices of the last 30 years
  • Were some venture capitalists hypocritical in their reaction to SVB's liquidity issues?
  • Did VCs have personal money at SVB as well?
  • How the lack of finance knowledge of many startup founders contributed to SVB's demise

Other titles we considered for this episode but ultimately rejected:

  1. Lessons from the Silicon Valley Bank Collapse
  2. Silicon Valley Bank Collapse Reveals Fundamental Issues in Tech
  3. Silicon Valley Bank - Implications for Startups and Investors
  4. Silicon Valley Bank - Lessons Learned and What's Next?

David was also on a recent episode of AIP News RoundUp.

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