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davolokh in  
Software Engineering Manager 21 days ago

Silicon Valley Bank shut down


Any thoughts how this gonna affect industry?
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.

cnbc.com
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madscienceSoftware Engineer 21 days ago
Got another thread going for it here: https://www.levels.fyi/community/thread/RILRn4/can-anyone-eli5-this-silicon-valley-bank-thing
1
davolokhSoftware Engineering Manager 21 days ago
Yeah, I have seen this one, but it’s more about reasons why it happened. I mostly concerned not about why, but about what’s next?

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