the proximate cause for SVB collapsing was that YC partners and other VC bros to... | Hacker News

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		bananapub 6 months ago \| parent \| context \| favorite \| on: FDIC has released 175 internal documents on "Opera... the proximate cause for SVB collapsing was that YC partners and other VC bros took their money out of it, then told the companies they cared about to do the same.

paulsutter 6 months ago [–]

I remember that weekend well. I was actually curious about the other bank and what crypto had to do with it.

wbl 6 months ago | [–]

https://en.m.wikipedia.org/wiki/Silvergate_Bank

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