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47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)

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Content provided by Matt Binder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Binder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Edward Ongweso Jr., writer of the Tech Bubble newsletter and co-host of This Machine Kills podcast, joins Scam Economy with Matt Binder to discuss the collapse of the tech industry's favorite financial institution, Silicon Valley Bank. Edward and Matt break down what this means, how it happen, what sparked the bank run by tech founders and VCs, what SVB's investments were, how the bank fell right around the same time two crypto-friendly banks Silvergate and Signature Bank also failed, how the VCs like David Sacks and Jason Calacanis threw a tantrum demanding a government bailout for the tech industry, and more. Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html Visit ScamEconomy.com Support the show: http://www.patreon.com/mattbinder
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66 episodes

Artwork
iconShare
 
Manage episode 357986375 series 3309319
Content provided by Matt Binder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Binder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Edward Ongweso Jr., writer of the Tech Bubble newsletter and co-host of This Machine Kills podcast, joins Scam Economy with Matt Binder to discuss the collapse of the tech industry's favorite financial institution, Silicon Valley Bank. Edward and Matt break down what this means, how it happen, what sparked the bank run by tech founders and VCs, what SVB's investments were, how the bank fell right around the same time two crypto-friendly banks Silvergate and Signature Bank also failed, how the VCs like David Sacks and Jason Calacanis threw a tantrum demanding a government bailout for the tech industry, and more. Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html Visit ScamEconomy.com Support the show: http://www.patreon.com/mattbinder
  continue reading

66 episodes

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