A Must See! Insiders Account of Silicon Valley Bank Collapse - Inside the CRAZY Final Hours of SVB's Bank Run that Could Cause a Domino Effect (Video)
by N.Morgan
Silicon Valley Bank was the most important financial institution for the biggest innovation hub in the world, and its failing is an extinction level threat.
In this video, he is going to give a real-time narration of what the bank run was like in the middle of this as a venture capitalist in Silicon Valley trying to triage and make sense of it real-time with dozens of startups, and talk about where we go from here.
If assets stay frozen at SVB for along time, there’s only so much companies can do, and the coming weeks and months will be a bloodbath. We’re talking about hundred of thousands of people’s livelihoods here, and the risk of contagion to regional banks which is already happening as you can see in their stock prices.
Stories Contributed by N. Morgan
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