So the interest rates going up were the main catalyst for the downfall but there was a sentence there - "Startups were burning through cash at 2x the rate they used to."
Wondering about that part and why it happened as, if I got it right, this was an unrelated occurence 🧐
Thanks for sharing Matt, good read!
So the interest rates going up were the main catalyst for the downfall but there was a sentence there - "Startups were burning through cash at 2x the rate they used to."
Wondering about that part and why it happened as, if I got it right, this was an unrelated occurence 🧐
This was a really good read on the various levels of impact of SVB comparing it to hurricane levels: https://open.substack.com/pub/cjgustafson/p/svbs-bank-run-contagion?r=2hj58&utm_medium=ios&utm_campaign=post