Reses: SVB made a critical error by announcing an unclosed capital raise
Jackie Reses · Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988 · 20VC with Harry Stebbings · Mar 13, 2023 · at 7:23
Jackie Reses, CEO of Lead Bank and former Chair of the San Francisco Fed Economic Advisory Council, analyzes Silicon Valley Bank's communication and strategic missteps preceding its collapse.
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“They should have raised the money. Made the announcement that they raised the money and that they were in great position. And so that dynamic and the advice they were getting in that situation, very unusual.”
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