Archive: svb
Where Silvergate, SVB and Signature Went Wrong
By Vin Narayanan on March 17, 2023
For people my age, Han Solo telling Luke Skywalker “Great, kid! Don’t get cocky!” after Luke shot down a ship for the first time is a seminal movie moment. As a kid, I didn’t even know what “cocky” meant! But I knew the line was hilarious. I repeated it over and over again — no doubt annoying everyone around me. I really wish some bank executives had listened to…
Crypto Monitor: Silvergate and Silicon Valley Bank Implode
By Early Investing on March 10, 2023
It’s been a crazy week for the markets. Silvergate Bank announced its “voluntary liquidation” earlier this week. And Silicon Valley Bank (SVB) appears to be following in its footsteps. SVB is a major part of the tech and startup economy. It’s also America’s 16th largest bank. Its implosion…