SIVB closed by regulators -

    Posted by steve on 10th of Mar 2023 at 12:02 pm

    SIVB closed by regulators - make no mistake this bank has tentacles that reach out to many businesses and poses many questions  

    Zero hedge has a good

    Posted by James_Roe on 10th of Mar 2023 at 01:45 pm

    Zero hedge has a good write up of the kinds of crap that's coming to the tech sector over the next week or two.

    https://www.zerohedge.com/markets/expect-mass-layoffs-real-world-impact-svbs-failure

    It's mostly based on this

    Posted by James_Roe on 10th of Mar 2023 at 01:46 pm

    It's mostly based on this twitter thread I shared with Matt an hour or so ago.

    https://twitter.com/bhargreaves/status/1634244961800429599

    Unbelievable -- I used to

    Posted by dgrandey on 10th of Mar 2023 at 01:06 pm

    Unbelievable -- I used to work there -- led their public relations back in the hey day of the late 90's, early 2000.

    Crazy. The VC market is

    Posted by DigiNomad on 10th of Mar 2023 at 12:06 pm

    Crazy. The VC market is screwed for a while. It was already bad simply because of higher rates. Now it's cataclysmic.

    On a related note - In the absence of SIVB, I'm prepared to lend money to profitable VC's starting at 30% APR (for highly qualified borrowers).   

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