FDIC Takes over Silicon Valley Bank
So it seems like they mismanaged their assets and their liabilities, taking on a lot of expensive deposits while investing at low yield.<p>What I don&#x27;t get is all this pro-SVB, anti-VC sentiment, how &quot;some VC&#x27;s yelled fire in a crowded theater&quot; and caused the poor bank to collapse. Isn&#x27;t it just common sense though, to protect your money? The bank fucked up by doing risky reckless things, it got exacerbated because the customer base is not as diverse as a big bank - it&#x27;s all startups that are subject to the same patterns, and SVB is not as big for the govt to bail out, so the bank customers did the only logical thing which is to withdraw your money before it disappears, yet they get lectured for doing that.<p><a href="https:&#x2F;&#x2F;twitter.com&#x2F;msuster&#x2F;status&#x2F;1634203251758469120" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;msuster&#x2F;status&#x2F;1634203251758469120</a><p><a href="https:&#x2F;&#x2F;www.linkedin.com&#x2F;pulse&#x2F;few-thoughts-svb-jeremy-solomon&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.linkedin.com&#x2F;pulse&#x2F;few-thoughts-svb-jeremy-solom...</a>