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re: Main Street is bailing out risky banks again; this time it's Menlo Park instead of Wall St
Posted on 3/13/23 at 9:12 am to High C
Posted on 3/13/23 at 9:12 am to High C
Just found out that SVB was one of the start up investors to the new company I just went to. Manager says it’s fine.
What is this life.
What is this life.
1
Posted on 3/13/23 at 9:44 am to tigerbandpiccolo
quote:
Just found out that SVB was one of the start up investors to the new company I just went to. Manager says it’s fine.
So they were investing directly into startups, which have a high failure rate?
I've heard this, but it's sort of glossed over in the media. I know they had bad luck with long term bonds from 3-4 years ago now being sort of weak sauce on their books with the rate hikes. But direct investment into silicon valley start ups would be risky move for a bank like this IMO.
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