Judd Legum

@JuddLegum ↗

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Last Checked March 29, 2023

Created

Sat Mar 11 23:58:32 +0000 2023

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Judd Legum @JuddLegum

"Silicon Valley Bank on Friday paid out annual bonuses to eligible U.S. employees, just hours before the bank was seized by the U.S. government" https://t.co/scfFP2bo4D — PolitiTweet.org

Posted March 11, 2023

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Judd Legum @JuddLegum

@kimmaicutler SVB operates much differently than other banks. 96% of its deposits were uninsured. A typical bank is more like 50%, making a bank run far less likely. And a typical bank has a mix of customers across industries. How many companies that banked at SVB has Initialized invested in? — PolitiTweet.org

Posted March 11, 2023

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Judd Legum @JuddLegum

All the VCs advocating that all deposits at Silicon Valley Bank are retroactively guaranteed by the federal government (usually out of concern for "small business") should disclose how many companies they've invested in that had deposits at Silicon Valley Bank — PolitiTweet.org

Posted March 12, 2023