4min 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

Silicon Valley Bank Runs Out of Cash, Causes Panic

There are important downstream consequences of a Silicon Valley bank failure, which could include payment processing companies, payroll companies, and other businesses that use Silicon Valley bank's infrastructure./nThe government is considering taking over the bank to ensure the safety of depositors' money./nThis is a complicated issue that affects not just the United States, but China as well.

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