All-In with Chamath, Jason, Sacks & Friedberg

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

Mar 11, 2023

01:29:27

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Highlights

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Episode notes

SVB Downfall: The Startup Economy Is in Peril

01:43

Treasury's Ukraine Bet,

01:08

Silicon Valley Bank Runs Out of Cash, Causes Panic

04:02

Cryptocurrency and the Banking System

01:38

Introduction

2min

The FDIC Shuts Down Silicon Valley Bank

5min

What's Happening in Silicon Valley?

2min

What Happened to Silicon Valley Bank?

3min

The Run on the Bank

5min

What's Going on With the Bank Debt?

4min

Three Things You Need to Know About Regulations

2min

Is It the Regulators That Are to Blame for This Blow Up?

2min

Venture Debt

4min

10.

Saxi, I Don't Want to Be Unpopular With the Founder Crowd

3min

11.

Is Venture Debt Underperforming?

4min

12.

What Happened to US Treasuries?

2min

13.

The California Regulator Is Frozen and You're Good for Your Uninsured Sums

2min

14.

Silicon Valley Bank

3min

15.

The Second and Third Order Effects

5min

16.

The US Government Shouldn't Backstop Silicon Valley Bank

2min

17.

Is It Right to Step in and Save These Companies?

4min

18.

Should Banks Invest in Assets That Are Not Fully Liquid?

4min

19.

How Much Value Is Going to Be Lost?

3min

20.

Is This a Killing Effect on Venture Capital?

2min

21.

Are You Going to Do Triage?

4min

22.

A Classic Run on the Bank Problem

2min

23.

What Happens When You Have to Sell a Lot of Assets Very Fast?

6min

24.

Is SVB in the Venture Debt Business?

2min

25.

Is There a Contagion That's Already a Foot?

4min

26.

Is This Going to Be a Contagion?

2min

27.

Do You Know What's Going on in Ukraine?

3min

28.

The Shaman

2min

29.

Is It a Compassionate Second Out Here?

3min

(0:00) Bestie intro!

(1:57) Overview of the SVB collapse and bank run

(17:53) Who or what is to blame? Debating venture debt

(37:11) Contagion risk, second- and third-order effects, government backstops

(1:00:36) What does this mean for the VC industry? Silicon Valley panic cycle, advice for founders

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

https://twitter.com/altcap

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.fdic.gov/news/press-releases/2023/pr23016.html

https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/r/Q1-2023-Investor-Letter.FINAL-030823.pdf

https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/Q1-2023-Mid-Quarter-Update-vFINAL3-030823.pdf

https://twitter.com/garrytan/status/1634260576431136768

https://seekingalpha.com/article/4565388-svb-financial-blow-up-risk

https://www.youtube.com/watch?v=Ymo6Yzjv_KY

https://www.bloomberg.com/news/articles/2023-03-10/treasury-closely-watching-siliconvalley-bank-share-plunge

https://www.cbsnews.com/news/janet-yellen-ukraine-treasury-secretary-kyiv-visit-volodymyr-zelenskyy

https://twitter.com/Rippling/status/1634201986894577665

https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

https://www.wsj.com/articles/bond-losses-push-silicon-valley-bank-parent-to-raise-capital-125e89d4

https://dfpi.ca.gov/wp-content/uploads/sites/337/2023/03/DFPI-Orders-Silicon-Valley-Bank-03102023.pdf?emrc=bedc09

https://www.google.com/finance/quote/IAT:NYSEARCA

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All-In with Chamath, Jason, Sacks & Friedberg

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

SVB Downfall: The Startup Economy Is in Peril

Treasury's Ukraine Bet,

Silicon Valley Bank Runs Out of Cash, Causes Panic

Cryptocurrency and the Banking System

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

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Get the Snipd
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