@Popehat why is this so odd to people? This bank is 40 years old. Not ancient, but that’s no predictor of stability, but it’s not like they’re swindling people.

The problem is likely a bunch of VCs and later stage investors pouring poison in the ears of startup leaders (or outright commanding them) and rallying everyone into a run on the bank. When your customers are all startups beholden to investors, you’re fucked if the investors say get out.

@jason @Popehat svb actively pitched itself to startups for at least the past 15 yrs. their relationship w/ stripe is not a simple banking one. it's them embedded in the financial health of nearly every startup that signed up for atlas.

questions of stability predictors *must* include the fact that svb was largely used by startups, startups that serviced other startups, VCs that dealt w/ startups, and family offices of wealthy VCs who funded startups.

i know this whole ecosystem pretty well