There were so many start ups popping up to ride the AI wave that VCs were just throwing money at them. Unfortunately, they withdrew lots from SVB to fund their start ups. #startup #siliconvalleybank
Wrapping chatGPT api into startups, genius
Were these AI startups? I assume it’s all the Saas/web3 startups that popped up during Covid
no, root cause is the rapid increase of interest rate, during Covid interest rate was almost 0. Fed needs to stop raising interest rate, otherwise more systems will break.
Banks don't give physical cash to startups.
Tell me you don't know how a bank works without telling me how a bank works.
Tell us how much do you know
Really dumb take. The Fed raising rates from 0.5% to 5% in a year is what did them in. Not saying I disagree with what the Fed is doing btw. But they should've started raising rates even sooner.
Not how it happened
Lol wtf
Dumbest thing I have read
this take is dumb