Post ATWwd6BJ0YTPcI09Ro by trollball@mstdn.social
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 (DIR) Post #ATWwd6BJ0YTPcI09Ro by trollball@mstdn.social
       2023-03-12T06:00:05Z
       
       1 likes, 1 repeats
       
       SVB prediction. Some startups were always going to fail in 2023. Maybe even a lot of them. These are private companies. No audited financials. When they fail, the founders will spin it as “we could have been a contender, but for SVB and the bank run.” False but oh so convenient. See also: press coverage of 2001 dotcom bubble popping, which was near 9/11. And 9/11 took a lot of the blame at the time. Not bad biz plans etc.