Silicon Valley Bank

“There was one group chat I'm in. There's a post exit founder group chat I'm in. Just in that group, there was like a tally taken of how much money was taken out by just those founders, and it was two billion dollars of deposits.”

“And Silicon Valley Bank's deposits went from something like sixty billion dollars to like two hundred billion dollars in less than two years.”

“Yeah, so, you know, we left a million bucks there. We tried to wire it today after that announcement, and it's not getting wired, obviously.”

“People have told me three to six years, like, we're not going to see that money for three to six years.”

“A hundred and eighty billion of deposits, something like a hundred and seventy six billion were uninsured because all, you know, the only thing that's insured is the 250 K.”

“Where if Silicon Valley Bank had thrown the book at us, we, Ampush would have never made it, would be out of business, and they gave us grace, and they were, like, helpful to us”

“I mean, it's definitely going to be a boon for all these startups who are doing treasury services because now all of a sudden, a hundred percent”

“Now, all of that is a good reason to short a bank and make money off the equity being worth less. None of that is a good reason for Silicon Valley Bank to now be in receivership.”

“An inherent embedded risk to Silicon Valley bank is it's implied in the name. Like they've always been considered the bank of founders, startups, and VCs. And so like, there's actually a ton of inherent trust risk baked into that because it doesn't take long f…”

“The bottom hundred is about three or four percent, so if a name from the bottom hundred goes bankrupt, as we did see with Silicon Valley Bank or First Republic Bank, they were one 100th of a percent of the portfolio.”