Startup Panic: How VC Investors Caused the Collapse of SVB
Tom Spencer
MARCH 24, 2023
On March 10th, Silicon Valley Bank went bankrupt. Federal regulators had to take over operations to avoid economic disaster. Due to the Federal Reserve’s determination to curb inflation it has consistently hiked interest rates for the last 12 months, an outcome that SVB and many other banks failed to anticipate. As a result, SVB suffered enormous unrealized losses in the value of its treasury bond portfolio.
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