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Mortgages, Wine and Renovations: Silicon Valley Bank’s Deep Tech Ties

NYTimes.com Original article ›
LyrArc Article Gist
This report in the NYT shows Silicon Valley Bank and Silicon Valley its people are highly intertwined, each supporting the other except when SVB's looked insolvent. At that point there was a run on the bank as venture capital pulled out, and $42 billion was withdrawn on just one day, according to the reports. The next the FDIC took over the bank.



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