Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988

ℹ️ EPISODE INFO

Released

March 13, 2023

Duration

52m

Channel

The Twenty Minute VC

Watch on YouTube

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📝 EPISODE DESCRIPTION

Jackie Reses is the CEO of Lead Bank and previous Exec Chair of Square Financial Services and Head of Lending and Banking. One of only people to have started a bank as a de no; Only tech company to get approved for a de novo. Chair Economic Advisory Council of SF Federal Reserve. Kris Dickson is the CFO of Lead Bank and previously the CAO / CFO of post-BK Lehman Brothers parent co-estate for 10 years. Lehman Holdco estate has liquidated and distributed $129 billion to unsecured creditors through the end of 2022. ------------------------------ Timestamps: 0:00 - Why are Jackie and Kris experts on this subject? 2:03 - How and why did SVB fail so fast? 10:13 - Are VCs to blame? 14:52 - Will deposits move to the top 4 banks? 21:29 - What happens now at SBV? 26:55 - Will depositors have their deposits guaranteed? 30:56 - Why doesn’t a big bank buy it? 34:14 - Will there be more bank runs? 41:23 - Is it okay to deposit money into neobanks? 44:35 - Is it okay to move money into a personal account? 47:13 - What is the best and worst case scenario? ------------------------------ In Today’s Episode on SVB We Discuss: What Happened? How and why did SVB fail so fast? Was it the result of systemic problems or a series of management mistakes? What role did VCs play in the downfall of SVB? What role did social media and online banking play in the failing of SVB? What Now? What happens now? Will depositors have their deposits guaranteed? Will there be a buyer for SVB? Who is the most likely? Should founders be worried about moving their money to neo-banks? Should founders in any circumstances transfer money to their personal accounts? What is the best and worst outcome? ------------------------------ Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Jackie Reses on Twitter: https://twitter.com/jackiereses Follow 20VC on Instagram: https://www.instagram.com/20vc_reels Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com ------------------------------ #SiliconValleyBank #JackieReses #KrisDickson #SVBcollapse #SVBbailout #HarryStebbings

🎤 SPEAKERS

• Jackie Reses

  guest

• Harry Stebbings

  host

• Kris Dickson

  guest

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Jackie Reses and Harry Stebbings, Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988 explores inside SVB’s Collapse: Risk, Rumors, Regulation, And Venture Capital Fallout The conversation unpacks why Silicon Valley Bank (SVB) failed, centering on its outsized interest-rate bet, concentrated tech/VC depositor base, and a disastrous capital-raise communication that triggered a rapid bank run.

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