StackSats on Nostr: SVB Scenario…what else am I missing… 1) SVB blew up their bond portfolio - bought ...
SVB Scenario…what else am I missing…
1) SVB blew up their bond portfolio - bought bonds last year and with yields selling off in the last 12 months it put a hole in the balance sheet
2) Startups who bank with them started draining cash balances as the economy weakened and these a16z backed “businesses” were exposed as bad business models
3) The underlying value of the loans they lent to founders using non-public equity as collateral dropped materially in value in the last 12 months
4) ?
5) ?
1) SVB blew up their bond portfolio - bought bonds last year and with yields selling off in the last 12 months it put a hole in the balance sheet
2) Startups who bank with them started draining cash balances as the economy weakened and these a16z backed “businesses” were exposed as bad business models
3) The underlying value of the loans they lent to founders using non-public equity as collateral dropped materially in value in the last 12 months
4) ?
5) ?