One, SVB was incredibly integrated into the lives of many founders. Not just their startup's bank & lender, but also provided personal mortgages and other financial services. A whole mess for FDIC (or the eventual buyer) to unwind.
— Brad Hargreaves (@bhargreaves) March 10, 2023
Tech bros are about to disrupt the old model of being homeless on the streets of San Fran
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Turns out that woke capital investing focuses on things that might be a distraction/hindrance to the general mission of a corporation, which is to provide a return for share holders... It's as if going woke gets you broke...
Looking at you ESG.
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Lol they got screwed because they mass invested in low yield vehicles to upsize, not because of woke investing. They’re just bad investors without the scale and resources to get away with it (like real banks)
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Most financially literate rightoid
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What does "woke" have to do with this?
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Tl;dr you need to diversify your bonds neighbor
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PLEASE oh PLEASE GOD hear my prayer
SPLIT APART the san andreas fault... if the "big one" happens in the next few weeks Californians will cease to exist and peace will be brought once again to your kingdom
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me, a techcel
i dont think I'm affected lmao
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me, an oil and gas baron
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I’m about to start a new job at a biotech start up. I’m hoping I still have this job, haha. These people literally scooped me up the day I got laid off earlier this year and offered me a 50% increase in pay. That sort of fiscal recklessness is making me nervous now.
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Also small biotech here. Luckily we only did banking through them, not any of our actual funds or payroll. It does mean we have to reissue new company credit cards and probably no free lunch next week.
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Lol the receiver is 99.9% likely to call all of the loans, like in the recent Bridging Finance collapse. Anyone who has a personal mortgage with this bank and does not refi now is absolutely fricked, doubly so if all of their personal funds were with the bank.
Unironically homeless tech CEOs soon
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This will affect Bussy market!
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The only market worth investing in.
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You gonna start trafficking desperate tech bros? Based.
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Blowjob and a pull request with tests for $50/hour
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So…Silicon Valley is even more fricked that we thought? Shiggy.
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how rslurred is this woman? if your mortgage is out that is a good thing
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