https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html Tc can't say with certainty anymore Yoe 9
Everyone. Most startups don't know how they are going to pay next Friday. People seem to miss how big this event was in context. This will be written on Wikipedia for this recession
Funny they show tech bros with umbrellas in SV. The rain was the harbinger of chaos.
Literally everyone in US tech sector is fucked. Start looking at government jobs or old school companies in highly stable economies outside US where there’s some level of insulation from the collapse.
Oh God. Just stop. You're not as smart as you think you are.
Relax lmao 🤣 start ups with good ideas will get funded. Others will either fail or get funding. Simple as that. The hysteria is coming from VCs who held their money in SVB as well, and those who don’t want to lose their control over a startup
President and CEO of y combinator: "30% of YC companies exposed through SVB can’t make payroll in the next 30 days." https://mobile.twitter.com/garrytan/status/1634286688922132481 So, loooooots of people
Wonder if retail can buy equity in those companies. 0% chance govt doesnt bail them out equity for pennies on the dollar
Lmao that man has money in SVB and is bound to lose a lot
Me
Seriously, nobody outside of the tech startup sector will support any form of bailout
False...ultra wealthy and private family offices ain't trying to lose money. They have influence as well...
Wana bet? Do you know how much outside capital is tied in tech? Imo we see a bailout or PE bailout.
Guess my $1B is gone except for $250k from fed🪦
Better bring the yacht back to the bay and layoff the staff.
Rippling?