Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 01:57:24 +0000 2023

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Matthew Yglesias @mattyglesias

Not saying there’s anything nefarious about it, but it seems like a non-obvious outcome — as far as I know various Substack entrepreneurs are not clustered in one particular financial institution — and the story of how they came to dominate this niche is interesting. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

I’ve read a lot of good explanations of the mechanics of SVB’s collapse but I’m wanting an explanation of the mechanics of its *rise* — why did such a large share of the VC industry use a single bank? Why did they encourage portfolio companies to use the same bank? — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Like why did Vox Media, which is based in DC and New York, use Silicon Valley Bank? Well they raised VC money from Silicon Valley and a huge share of companies who did that regardless of sector or location ended up with SVB. Why? How? https://t.co/6hFHR09Ncb — PolitiTweet.org

Posted March 12, 2023