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refleks posted:absolute lomarf at being dependent on a bank as a company and not choosing one of several systemically important banks to ensure you always have the implicit backing of the US government. to be fair to the silicon valley nerds i think a lot of people in charge of the banking system also kind of fail to realize that they are running a very artificial public utility. almost like there is a common theme of libertarian idiocy running through the groups.
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Mar 10, 2023 10:48
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https://twitter.com/pmarca/status/1634118284827312129?t=eQKEW9Mx12iZUOKNJXmB1w&s=19
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Mar 10, 2023 10:51
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Why would start ups bank with SVB instead of a normal bank? It seems like loads more risk but what do you get in exchange?
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Mar 10, 2023 10:56
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Chalks posted:Why would start ups bank with SVB instead of a normal bank? It seems like loads more risk but what do you get in exchange? Less questions asked about the origin of their funding and probably better rates...
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Mar 10, 2023 10:59
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Powerful Two-Hander posted:https://twitter.com/pmarca/status/1634118284827312129?t=eQKEW9Mx12iZUOKNJXmB1w&s=19 so, like, is he actually being self-aware here?
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Mar 10, 2023 11:14
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Powerful Two-Hander posted:https://twitter.com/pmarca/status/1634118284827312129?t=eQKEW9Mx12iZUOKNJXmB1w&s=19 good question marc
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Mar 10, 2023 11:14
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FMguru posted:https://twitter.com/spencernoon/status/1634004337226665984 imagine defending a loving bank on social media
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Mar 10, 2023 11:22
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Cybernetic Vermin posted:so, like, is he actually being self-aware here? I don't think I'd credit him with that
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Mar 10, 2023 11:41
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bob dobbs is dead posted:the problem is that theres a buncha peeps who coordinate between startups and are huge fuckin idiots (the vcs). so the rumor that starts the run prolly started there this was inevitable though, wasn’t it? you said it yourself when the fed started raising rates. suddenly the expected value curve inverts from WE’RE ALL GONNA BE RICH to  it was only a matter of time until the dominoes started to fall
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Mar 10, 2023 12:06
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lemme just add as someone who left their previous boring af megacorp job for a small startup that’s making real revenue but still isn’t profitable: 😬 hope we’re not banking with SVB!!
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Mar 10, 2023 12:10
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Cybernetic Vermin posted:so, like, is he actually being self-aware here? by elites he means poor people with liberal arts academic titles. some stemlords will always feel inferior
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Mar 10, 2023 12:49
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Cybernetic Vermin posted:so, like, is he actually being self-aware here? no, and for proof, look at his own tweet he quoted, see the term "catastrophic values" and take a wild guess at what he might be referring to it's not, like, "valuing money over all" or anything, i'll tell you that
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Mar 10, 2023 13:38
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i have a confession guys. the present craziness is my fault, specifically
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Mar 10, 2023 13:39
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Ruffian Price posted:by elites he means poor people with liberal arts academic titles. some stemlords will always feel inferior he's another dot com 1.0 lottery winner and i'm sure at some level he's aware of it
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Mar 10, 2023 13:41
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fart simpson posted:i have a confession guys. the present craziness is my fault, specifically you jerk
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Mar 10, 2023 13:41
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fart simpson posted:i have a confession guys. the present craziness is my fault, specifically fart simpson you rat, how could you give your own puter touchers the ol' spicy bubble pop, fart
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Mar 10, 2023 13:42
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“The money's not here. Your money's in Zuck’s metaverse...right next to Decentraland. And in the Dogechain, and in Lime scooters, and a hundred others. Why, you're lending them the money to ~Build~ 💪, and then they're going to pay it back to you as best they can.” - George_Bailey.eth
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Mar 10, 2023 13:45
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 oh cool twitter now flags accounts so you know to ignore their opinions that's useful
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Mar 10, 2023 14:05
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in before someone says "why are you following dominic cummings?": it's because he's a good aggregator for this bullshit as well as (or because of?) being nuts and thinking he's some galaxy brain "solve all the problems if people would just listen" guy
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Mar 10, 2023 14:08
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infernal machines posted:no, and for proof, look at his own tweet he quoted, see the term "catastrophic values" and take a wild guess at what he might be referring to is it that minorities have basic human rights, is that the values
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Mar 10, 2023 15:29
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Shame Boy posted:is it that minorities have basic human rights, is that the values 
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Mar 10, 2023 15:33
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Nybble posted:“The money's not here. Your money's in Zuck’s metaverse...right next to Decentraland. And in the Dogechain, and in Lime scooters, and a hundred others. Why, you're lending them the money to ~Build~ 💪, and then they're going to pay it back to you as best they can.” - George_Bailey.eth in this version, george goes to see a vision of a future where he never existed and he is stricken in horror at the peace, prosperity and equality
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Mar 10, 2023 15:47
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Shame Boy posted:is it that minorities have basic human rights, is that the values undoubtedly some of them at least, yes the eggman there has a history of associating with reactionary dipshits, vague posts about problematic values are only going to mean one thing
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Mar 10, 2023 15:57
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holy loving and this cannot be over emphasized lmao https://twitter.com/michaelmofina/status/1630227640341651456 if only I had my phone on me
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Mar 10, 2023 17:41
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Chris Knight posted:holy lol
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Mar 10, 2023 17:43
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this time projectors will work!
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Mar 10, 2023 17:46
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gee i wonder why they only show that used on overcast days and at night
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Mar 10, 2023 17:47
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Internet Janitor posted:gee i wonder why they only show that used on overcast days and at night
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Mar 10, 2023 17:48
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even their idealistic mockups are giving me motion sickness...
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Mar 10, 2023 17:49
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PIZZA.BAT posted:this was inevitable though, wasn’t it? you said it yourself when the fed started raising rates. suddenly the expected value curve inverts from WE’RE ALL GONNA BE RICH to having a lotta tinder vs actually lighting the match
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Mar 10, 2023 17:55
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silicon valley receivership
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Mar 10, 2023 18:15
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250k insured. prolly lotta peeps putting their whole lump of seed or series a or b investment in there, which is decidedly not 250k
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Mar 10, 2023 18:17
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huh, it's almost like making borrowing money basically free for over a decade was a bad idea. it did make a handful of extremely lovely people unimaginably wealthy though so who's to say?
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Mar 10, 2023 18:23
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https://twitter.com/BrendanPedersen/status/1634236377066881024 lol. lmao, even e: added lomarf: https://twitter.com/WatcherGuru/status/1634039856924860416 FMguru fucked around with this message at 18:29 on Mar 10, 2023 |
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Mar 10, 2023 18:26
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is it possible there was more to it than just "oops, we continued to take deposits without ramping up debt sales for the last 2 years?"
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Mar 10, 2023 18:28
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top notch lols. the FDIC also took receivership directly without announcing that another bank would be assuming the deposits of the failed bank. they really don't like to do that.
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Mar 10, 2023 18:29
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not waiting this cob on friday is lol even during the 2008 crisis they usually were able to wait until the weekend to try to square as much away while the markets were closed.
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Mar 10, 2023 18:33
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https://twitter.com/thestalwart/status/1634232851099967488?s=46&t=R0J6gZ9IVIuVqJ6bAd5VsQ
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Mar 10, 2023 18:34
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qirex posted:is it possible there was more to it than just "oops, we continued to take deposits without ramping up debt sales for the last 2 years?" crypto.
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Mar 10, 2023 18:35
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FMguru posted:https://twitter.com/BrendanPedersen/status/1634236377066881024 i like jim cramer https://www.youtube.com/watch?v=YJe86RQq8lQ
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Mar 10, 2023 18:35
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