All-In PodcastE119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Episode Details
EPISODE INFO
- Released
- March 11, 2023
- Duration
- 1h 29m
- Channel
- All-In Podcast
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
PRODUCER'S NOTE: the zoom video feed went the way of SVB this week - sorry besties! all charts and graphics are still included. (0:00) Bestie intro! (1:57) Overview of the SVB collapse and bank run (17:53) Who or what is to blame? Debating venture debt (37:11) Contagion risk, second- and third-order effects, government backstops (1:00:36) What does this mean for the VC industry? Silicon Valley panic cycle, advice for founders Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.fdic.gov/news/press-releases/2023/pr23016.html https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/r/Q1-2023-Investor-Letter.FINAL-030823.pdf https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/Q1-2023-Mid-Quarter-Update-vFINAL3-030823.pdf https://twitter.com/garrytan/status/1634260576431136768 https://seekingalpha.com/article/4565388-svb-financial-blow-up-risk https://www.youtube.com/watch?v=Ymo6Yzjv_KY https://www.bloomberg.com/news/articles/2023-03-10/treasury-closely-watching-silicon-valley-bank-share-plunge https://www.cbsnews.com/news/janet-yellen-ukraine-treasury-secretary-kyiv-visit-volodymyr-zelenskyy https://twitter.com/Rippling/status/1634201986894577665 https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program https://www.wsj.com/articles/bond-losses-push-silicon-valley-bank-parent-to-raise-capital-125e89d4 https://dfpi.ca.gov/wp-content/uploads/sites/337/2023/03/DFPI-Orders-Silicon-Valley-Bank-03102023.pdf?emrc=bedc09 https://www.google.com/finance/quote/IAT:NYSEARCA #allin #tech #news
SPEAKERS
David Friedberg
hostJason Calacanis
hostChamath Palihapitiya
hostNarrator
other
EPISODE SUMMARY
In this episode of All-In Podcast, featuring David Sacks and Jason Calacanis, E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more explores silicon Valley Bank collapse threatens startups, regional banks, and innovation The hosts dissect the sudden collapse of Silicon Valley Bank (SVB), describing it as a “Lehman-sized” extinction‑level event for startups and small tech companies rather than big tech. They explain how rapid interest rate hikes, duration mismatches on SVB’s balance sheet, declining deposits, and a classic bank run combined to push an otherwise solvent bank into insolvency within 36 hours. The conversation assigns blame across SVB’s risk management, regulatory loopholes, and venture capitalists’ failure to enforce cash discipline as markets turned. They warn of systemic contagion to regional banks and call for immediate government backstops to protect depositors, prevent broader runs, and preserve a decade of U.S. innovation.
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