undefined | Better HN

0 pointsstrbean3y ago0 comments

Other banks have diversity of depositors.

SVB didn't implode on their own, Thiel decided all the startups he backed should withdraw their deposits. Then other VCs followed the trend.

SVB was what, $2B short on their balance sheets, out of >$200B assets? VC initiated bank run is the only real issue here.

Waiting to see how this all benefits Thiel.

0 comments

tinco3y ago

1% is a wildly different number from the 20-30% I've seen mentioned here. What makes you say they're only 2B short?

j / k navigate · click thread line to collapse

0 pointsstrbean3y ago0 comments

Other banks have diversity of depositors.

SVB didn't implode on their own, Thiel decided all the startups he backed should withdraw their deposits. Then other VCs followed the trend.

SVB was what, $2B short on their balance sheets, out of >$200B assets? VC initiated bank run is the only real issue here.

Waiting to see how this all benefits Thiel.

tinco3y ago

1% is a wildly different number from the 20-30% I've seen mentioned here. What makes you say they're only 2B short?

j / k navigate · click thread line to collapse