2min snip

All-In with Chamath, Jason, Sacks & Friedberg cover image

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

All-In with Chamath, Jason, Sacks & Friedberg

NOTE

**SVB Downfall: The Startup Economy Is in Peril **

Bailing out big tech is not popular, but it is the smaller tech companies that will be wiped out if not supported. These companies, with 10 to 100 employees, are the future of the United States economy and its competitiveness against China and the rest of the world. In addition, the regional banking crisis is looming as depositors realize their money is not safe at SVB, a top 20 bank, which was believed to be in regulatory compliance. This could lead to a potential run on the regional banking system, similar to what happened in 2008.

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