SVB

I just got off 7 hours of calls so I’m severely behind on work and haven’t had much time to digest or dig into the SVB news much. I’ve only seen headlines at this point.

My initial thoughts are that there seems to be quite a bit of worry and overreaction to the earnings release. SVB is raising money as they are expecting continued higher interest rates in the future so hopefully this is just a precautionary measure to shore up their balance sheet.

I’ve heard the term “bank run” thrown out a lot today in Twitter. At this point, it seems like there isn’t a liquidity crisis the bank. For the good of everyone in the tech and VC ecosystem, we can only hope that this is all an overreaction.