Comment Re:I wonder what this means for startups (Score 5, Interesting) 74
See this video for a cogent explanation of SVB's situation: https://www.youtube.com/watch?v=tbc1ooJWG3I
Long-story-short: SVB had large cash deposits from startups, invested in bonds that got quickly devalued by the Fed's recent actions, which raised the risk of insolvency; VC's told their portfolio companies to pull their funds en masse.
Shouldn't have an impact on VC investments; might cause some startups to be unable to touch funds for some period of time (speculation on my part).