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rat king 🐀 @MikeIsaac
@HowardKushlan how are they so fast with this stuff lol — PolitiTweet.org
rat king 🐀 @MikeIsaac
@srubenfeld I am so mad they didn’t come to sf. they are so good — PolitiTweet.org
rat king 🐀 @MikeIsaac
tradfi vs defi… w/@yaffebellany @eringriffith https://t.co/MBtlvsyupr — PolitiTweet.org
rat king 🐀 @MikeIsaac
@rajat_suresh buckle up. — PolitiTweet.org
rat king 🐀 @MikeIsaac
👶 👮♀️ https://t.co/sO4Cfh8dAy — PolitiTweet.org
rat king 🐀 @MikeIsaac
someone provide me with party reports — is everyone huddled in corners yelling at their bankers — PolitiTweet.org
Kylie Robison @kyliebytes
Silicon Valley Bank just sucked all the oxygen out of SXSW — Just as Silicon Valley entrepreneurs were landing in A… https://t.co/ji2fxzqkIj
rat king 🐀 @MikeIsaac
@Kellen_Browning Kellen I will boot you from the slack — PolitiTweet.org
rat king 🐀 @MikeIsaac
oh duh this is why — PolitiTweet.org
Circle @circle
Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held… https://t.co/E6hVuzFtwi
rat king 🐀 @MikeIsaac
huh. Is this inflows or outflows… — PolitiTweet.org
Coinbase @coinbase
We are temporarily pausing USDC:USD conversions over the weekend while banks are closed. During periods of heighten… https://t.co/AZHUNTxOnq
rat king 🐀 @MikeIsaac
RT @dril: i am skeptical of the concept "Too Big To Fail" mainly because i am extremely big and i fail constantly — PolitiTweet.org
rat king 🐀 @MikeIsaac
@brian_henderson lol damn — PolitiTweet.org
rat king 🐀 @MikeIsaac
@caityweaver @jduffyrice brutal — PolitiTweet.org
rat king 🐀 @MikeIsaac
come ON https://t.co/81a38PrRwY — PolitiTweet.org
Ben Mullin @BenMullin
Scoop: Vox Media has a substantial portion of its cash at Silicon Valley Bank. The media angle, w/@eringriffith:… https://t.co/cAtIM9eZgT
rat king 🐀 @MikeIsaac
@Procyclicality @jduffyrice but unclear, and to your point not everything gone gone — PolitiTweet.org
rat king 🐀 @MikeIsaac
@Procyclicality @jduffyrice I agree they will get some money back but in worst case scenario I think a lot of their deposits are beyond what fdic will reimburse — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jduffyrice yah for sure mostly startups I believe, def pre-ipo. Though some later stage companies that are still pre-ipo — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jduffyrice that is TBD — still trying to figure out what the ripple effects are but so far i believe it's not going to hit the BIG big banks. that said it may affect folks in other ways — i.e. folks who do business with these startups that are screwed (i dont think you need worry now/yet) — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jduffyrice to give a sense of scale, it's estimated that half of all venture backed startups out here banked with SVB and more than 95 percent of their deposits were UNINSURED (which means all of their cash is vaporized if SVB isnt bailed out) — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jduffyrice then they all did that at once which caused a "bank run" and basically overnight the bank went under now we see if they get sold to another bigger bank or if govt steps in to bail out — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jduffyrice in short, the premier startup bank of silicon valley made very bad bets on certain bonds while the fed raised interest rates, compounding those losses — when everyone sorta woke up to that, all the VCs freaked out and told their portfolio companies to withdraw all their $ — PolitiTweet.org
rat king 🐀 @MikeIsaac
https://t.co/GDtFkKRTQd — PolitiTweet.org
sarah emerson @SarahNEmerson
Famously large man and FTX promoter Shaq has evaded multiple attempts to serve him with an FTX lawsuit by hiding in… https://t.co/kPMaCaMskx
rat king 🐀 @MikeIsaac
RT @SarahNEmerson: Famously large man and FTX promoter Shaq has evaded multiple attempts to serve him with an FTX lawsuit by hiding in his… — PolitiTweet.org
rat king 🐀 @MikeIsaac
@brianfagioli plz file this to my editor thx — PolitiTweet.org
rat king 🐀 @MikeIsaac
@jrhennessy @gbrl_dick just unplug all the computers and put a "closed" sign on the front door boom, solved — PolitiTweet.org
rat king 🐀 @MikeIsaac
@molly_knight ill let you know by monday am — PolitiTweet.org
rat king 🐀 @MikeIsaac
@molly_knight west coast bank implosion — PolitiTweet.org
rat king 🐀 @MikeIsaac
i really did not feel like working this weekend — PolitiTweet.org
rat king 🐀 @MikeIsaac
@Anthony i'm still blocked but it's good to know this guy remains the dumbest mf on earth — PolitiTweet.org
rat king 🐀 @MikeIsaac
never felt older than when i made a “it’s a wonderful life” reference in relation to the events of the past 24 hours and was met with a blank stare — PolitiTweet.org
rat king 🐀 @MikeIsaac
RT @eringriffith: How is the start-up world reacting to the collapse of SVB?? Well https://t.co/hTOgjuoBJb https://t.co/eSFr7MLGQI — PolitiTweet.org
