[HN Gopher] Startup Bank Had a Startup Bank Run
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       Startup Bank Had a Startup Bank Run
        
       Author : rgarcia
       Score  : 17 points
       Date   : 2023-03-10 20:41 UTC (2 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | controversial97 wrote:
       | https://archive.is/pe8MY
        
       | cbtacy wrote:
       | "But if all of your depositors are startups with the same handful
       | of venture capitalists on their boards, and all those venture
       | capitalists are competing with each other to Add Value and Be
       | Influencers and Do The Current Thing by calling all their
       | portfolio companies to say "hey, did you hear, everyone's taking
       | money out of Silicon Valley Bank, you should too," then all of
       | your depositors will take their money out at the same time."
        
       | ultrasaurus wrote:
       | As always, Matt's great for a starter explanation (maybe not
       | ELI5, but explained like I'm an adult with no specific banking
       | knowledge)
        
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       (page generated 2023-03-10 23:02 UTC)