The fault, dear VCs, is not in your stars. It's in you.
"As the news of the Silicon Valley Bank collapse reverberates through the technology ecosystem — and investors and founders alike furiously Google terms such as “available-for-sale” and “held-to-maturity” — even some of our most prominent financiers, like ‘PayPal Mafia’ member David Sacks, are learning once again how banks work, the hard way."
The fault, dear VCs, is not in your stars. It's in you.
"As the news of the Silicon Valley Bank collapse reverberates through the technology ecosystem — and investors and founders alike furiously Google terms such as “available-for-sale” and “held-to-maturity” — even some of our most prominent financiers, like ‘PayPal Mafia’ member David Sacks, are learning once again how banks work, the hard way."
https://www.ft.com/content/6ba95c9b-9be6-4d62-b4ac-b12e1e7ed... ( https://archive.is/4cnog )