69 min listen
47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)
FromScam Economy
ratings:
Length:
74 minutes
Released:
Mar 15, 2023
Format:
Podcast episode
Description
Edward Ongweso Jr., writer of the Tech Bubble newsletter and co-host of This Machine Kills podcast, joins Scam Economy with Matt Binder to discuss the collapse of the tech industry's favorite financial institution, Silicon Valley Bank. Edward and Matt break down what this means, how it happen, what sparked the bank run by tech founders and VCs, what SVB's investments were, how the bank fell right around the same time two crypto-friendly banks Silvergate and Signature Bank also failed, how the VCs like David Sacks and Jason Calacanis threw a tantrum demanding a government bailout for the tech industry, and more.
Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html
Visit ScamEconomy.com
Support the show: http://www.patreon.com/mattbinder
Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html
Visit ScamEconomy.com
Support the show: http://www.patreon.com/mattbinder
Released:
Mar 15, 2023
Format:
Podcast episode
Titles in the series (65)
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