Molly WhiteMar 20, 2023
Reminiscing on when I pissed off venture capitalists with an offhand remark on Crypto Critics' Corner that VCs are not good for society with a new essay about the meltdown around Silicon Valley Bank: https://newsletter.mollywhite.net/p/the-venture-capitalists-dilemma
The venture capitalist's dilemma

The embarrassing investor meltdown surrounding Silicon Valley Bank should drive us to consider new models.

Molly White
Show threadtoxtethogrady
@molly0xfff And the Times seems to have grokked it...
https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html?algo=editorial_importance_fy_email_news&block=4&campaign_id=142&emc=edit_fory_20230319&fellback=false&imp_id=898162001&instance_id=88153&nl=for-you&nlid=99118613&pool=pool/a2fc9efa-4a9f-46ae-8506-967a38fc2099&rank=1&regi_id=99118613&req_id=457522701&segment_id=128240&surface=for-you-email-news&user_id=db0c53c36e2bac8cd6eae3fe7fa795fb&variant=0_edimp_fye_news_dedupe
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems

The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.

The New York Times
Mar 20, 2023 at 1:22amWeb