Post ATULUgAFllQRzPiAhU by mjf_pro@hachyderm.io
 (DIR) More posts by mjf_pro@hachyderm.io
 (DIR) Post #ATU61MnlBMEyE6ksfA by nova@hachyderm.io
       2023-03-10T20:47:12Z
       
       0 likes, 0 repeats
       
       Silicon Valley Bank (SVB) was closed today.This is a strong signal into the current state of affairs in the tech industry at large. This is "THE" bank.Every investor I know, knows of this bank. Many who have worked at startups in the past have carried SVB credit cards. If you were taking venture funding in the last 10 years, up until today, chances are it went directly to this bank.#SiliconValley #SVB #Economy #Banking #TechFDIC reporthttps://www.fdic.gov/news/press-releases/2023/pr23016.html
       
 (DIR) Post #ATU61NM97VkJwkqLGC by hermit@hermitmountain.top
       2023-03-10T21:02:29.579507Z
       
       0 likes, 0 repeats
       
       @nova NICE
       
 (DIR) Post #ATU61PYGxOdOkwX3RI by nova@hachyderm.io
       2023-03-10T21:00:13Z
       
       0 likes, 0 repeats
       
       For an economic system completely dominated by the concept of money -- it might be wise to start paying attention to the importance of the federal reserve bank which is where it all starts.https://www.federalreserve.gov/publications/annual-report.htm
       
 (DIR) Post #ATULUgAFllQRzPiAhU by mjf_pro@hachyderm.io
       2023-03-10T20:54:24Z
       
       0 likes, 0 repeats
       
       @nova Has some echoes of the 2000 dotcom shipwreck.  At least some VCs didn’t learn then, and…well…here we are again.
       
 (DIR) Post #ATULUgbu6xXlNAeFnc by sullybiker@sully.site
       2023-03-10T23:55:50Z
       
       0 likes, 0 repeats
       
       @mjf_pro @nova I don't even work in tech, but I can tell you having just survived pandemic layoffs, nobody learnt a fucking thing in our place. Everyone just hoses money everywhere are soona as the taps come back on, becaues there will *never* be hard times again.