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Silicon Valley Bank

also referred to as: svb

21 statements across 5 episodes · 1 bullish · 8 bearish · 5 people on the record · first statement Mar 11, 2023 by Chamath Palihapitiya · said 108 times in 17 episodes since 2022 · across every show →

Mentions by year

brought up most by David Friedberg (31), Jason Calacanis (30), David Sacks (23), Chamath Palihapitiya (21), Robert F. Kennedy Jr. (2), Sal Daher (1)

tap a year for its mentions
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081520222023202420252026episodes it came up in
0057.5101520222023202420252026episodesmentions per episode
2026 3 mentions in 1 episode
2025 1 mention in 1 episode
2024 1 mention in 1 episode
2023 101 mentions in 12 episodes 8 per episode
2022 2 mentions in 2 episodes 1 per episode

every mention, scene by scene, with the transcript →

Everything said about Silicon Valley Bank, oldest first

Mar 11, 2023
Assertion Partly supported
Chamath: SEC filings show every major Silicon Valley VC had SVB custody accounts
“It's every single major VC in Silicon Valley.”
Chamath Palihapitiya Mar 11, 2023 ▶ 1:13:36 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023
Disclosure
Sacks: Craft Ventures swept $45M from SVB right before its collapse
“We had about forty-five million dollars that we were about to distribute to LPs. And I'm like, whoa, that's crazy. So we were able to sweep that to an account we used to make in-kind distributions.”
David Sacks Mar 11, 2023 ▶ 1:14:41 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 negative
Assertion Partly supported
Sacks: 10% of SVB's portfolio was venture debt to creditless startups
“10% of their portfolio is basically being loaned out to startups who have no credit.”
David Sacks Mar 11, 2023 ▶ 23:17 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 negative
Assertion Partly supported
Friedberg: Silicon Valley Bank had only $15 billion in true net book value
“They only had fifteen billion dollars of true net book value, which is the difference between their assets and their liabilities.”
David Friedberg Mar 11, 2023 ▶ 16:08 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 positive
Prediction Not checkable as stated
Calacanis: US government could profit by backstopping SVB depositors
“I guarantee you, the US government could get some warrants on those companies or warrants and ownership in Silicon Valley Bank and make at least 50 cents on the dollar, maybe even double, and that's the way this bailout should be structured, and it has to be d…”
Jason Calacanis Mar 11, 2023 ▶ 49:11 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 neutral
Assertion Supported
Friedberg: SVB faced $42B in withdrawals against $40B in liquid assets
“Forty-two billion dollars of withdrawals is 25% of total deposits, but forty-two billion is greater than the fourteen billion of cash they had on hand, and the twenty-six billion of liquid securities that they had.”
David Friedberg Mar 11, 2023 ▶ 1:07:02 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 neutral
Assertion Partly supported
Friedberg: Venture debt comprised only 10% of SVB's loan portfolio
“If you look at SVB's loan portfolio, 70% are really these asset-backed loans, which are 56% of the portfolio is like, you know, pre-payments on, on LP commitments, and then 14% is private banking loans, which is loans against, you know, public securities that …”
David Friedberg Mar 11, 2023 ▶ 29:52 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 negative
Assertion Supported
Friedberg: SVB warrant profits dropped from $560M in 2021 to $148M in 2022
“They made five hundred sixty million dollars in profit on their warrants that they had in their venture debt portfolio in 20, 21. That number collapsed to one 48 in 20, 22.”
David Friedberg Mar 11, 2023 ▶ 15:42 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 negative
Opinion
Sacks: SVB collapse is a Lehman-sized event for Silicon Valley
“This is basically a Lehman sized event for Silicon Valley.”
David Sacks Mar 11, 2023 ▶ 3:14 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 neutral
Assertion Supported
Calacanis: Silicon Valley Bank serves 50% of venture-backed startups
“Silicon Valley Bank is used by 50% of venture backed startups.”
Jason Calacanis Mar 11, 2023 ▶ 6:02 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 negative
Assertion Supported
Friedberg: Rippling missed payroll cycle due to Silicon Valley Bank collapse
“Today it was announced that Rippling, one of those companies could not hit their payroll cycle today, because they had money tied up at Silicon Valley Bank.”
David Friedberg Mar 11, 2023 ▶ 44:34 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023 neutral
Assertion Supported
Friedberg: SVB had $195B in total liabilities at end of 2022
“In total, Silicon Valley Bank at the end of the year had about one hundred and ninety five billion dollars In liabilities, one hundred and seventy three billion of customer deposits that they owe to customers and twenty two billion of other debt.”
David Friedberg Mar 11, 2023 ▶ 9:35 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023
Prediction Not checkable as stated
Friedberg: Systemic bank runs will occur without immediate 100% deposit backstop
“If that money is not available to them within the first 48 or 72 hours of the end of this weekend, then we are going to have a real crisis on our hands, because then you will see a lot of people trying to move money away from any institution that stores their …”
David Friedberg Mar 11, 2023 ▶ 45:50 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 17, 2023
Assertion Partly supported
Chamath: SVB, Signature, and Silvergate suffered traditional liquidity crises
“Signature, Silicon Valley Bank, and Silbergate all had very traditional liquidity crises, right?”
Chamath Palihapitiya Mar 17, 2023 ▶ 10:10 E120: Banking crisis and the great VC reset
Mar 17, 2023 neutral
Disclosure
Sacks: I did not tweet about SVB until after FDIC receivership
“I personally never tweeted anything about SVB until Friday afternoon when SVB was already in receivership, and the run on the bank had already started with Signature and First Republic, and we could see it with our own eyes.”
David Sacks Mar 17, 2023 ▶ 8:42 E120: Banking crisis and the great VC reset
Mar 17, 2023 neutral
Disclosure
Sacks: Craft Ventures never had SVB as LP or directed startups there
“We never had SVB as a limited partner, and we also never directed our startups to bank at SVB.”
David Sacks Mar 17, 2023 ▶ 26:20 E120: Banking crisis and the great VC reset
Mar 24, 2023 negative
Opinion
Sacks: SVB shareholders, bondholders, and management options should be wiped out
“I was really clear that SVB shareholders should be wiped out. Their bondholders should be wiped out. Their management stock options should be wiped out.”
David Sacks Mar 24, 2023 ▶ 55:22 E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
May 26, 2023 negative
Assertion Supported
Sacks: Moody's gave SVB an A rating a week before receivership
“Moody's gave SVB an A rating the week before it went into receivership.”
David Sacks May 26, 2023 ▶ 30:02 E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more
Jul 21, 2023 negative
Assertion Supported
Sacks: Banking contagion had already spread beyond SVB to First Republic
“The contagion was absolutely real, and I don't think people outside Silicon Valley could understand that because they weren't in those Friday morning emergency phone calls and board meetings That were happening. So we know it was, it had already moved so far b…”
David Sacks Jul 21, 2023 ▶ 2:06:27 In conversation with Vivek Ramaswamy
Jul 21, 2023
What-if
Calacanis: SVB reaction would differ if bank had different name
“If it wasn't called Silicon Valley bank, this would have been a totally different thing.”
Jason Calacanis Jul 21, 2023 ▶ 2:06:53 In conversation with Vivek Ramaswamy
Jul 21, 2023
Assertion Not checkable as stated
Ramaswamy: SVB depositors would have received 94 cents per dollar without intervention
“If everybody had run and gotten their money out, I think it would have been like 94 cents on the dollar that everybody would have walked out with.”
Vivek Ramaswamy Jul 21, 2023 ▶ 48:58 In conversation with Vivek Ramaswamy
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