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pmchem posted:https://twitter.com/joshtpm/status/1634330899171901440 ahahahahaha I know a bunch of people involved in stress testing models and they're going to love this
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Mar 11, 2023 01:11
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https://twitter.com/VCBrags/status/1634236559795863569
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Mar 11, 2023 01:12
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tech? bubble 
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Mar 11, 2023 01:16
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rotor posted:man its fuckin friday night what do you think its 4 pm grandpa
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Mar 11, 2023 01:22
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bob dobbs is dead posted:look at this what am i looking at
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Mar 11, 2023 01:23
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post hole digger posted:its 4 pm grandpa turn those machines back on
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Mar 11, 2023 01:24
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TDepressionEarl posted:my don't worry about the bank run shirt has people asking a lot of questions resolved by heeding the kindly advice printed on my shirt if your banker is wearing a shirt with text on it its already too late.
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Mar 11, 2023 01:24
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post hole digger posted:if your banker is wearing a shirt with text on it its already too late. if it were a TGI Friday pin-on button the reference wouldn't parse
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Mar 11, 2023 01:26
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bob dobbs is dead posted:they do a whole lotta nothing for a decade or two and then everything goes to poo poo. then another decade or two of nothing. just like any other highly correlated insurance job, like hurricane or earthquake insurance however you feel about lenin, you gotta hand it to him for "there are decades when nothing happens and weeks when decades happen."
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Mar 11, 2023 01:26
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post hole digger posted:its 4 pm grandpa banned
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Mar 11, 2023 01:26
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the words DON'T PANIC inscribed in large friendly letters on the 3-fold pamphlet
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Mar 11, 2023 01:28
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bob dobbs is dead posted:thats why boa shares ate poo poo, cuz boa actually only has like 30, 40% of business deposits under the insurance limit, iirc. so thats the next domino if theres a domino. a bank of america branch manager looked me in the eye and said "your credit card hasn't arrived for nine weeks because the factory ran out of plastic for it" with a straight face i hope they fail and everybody that hitched their horse to them goes down with em.
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Mar 11, 2023 01:38
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lmfao
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Mar 11, 2023 01:39
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https://twitter.com/ne0scythian/status/1634312660639535106
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Mar 11, 2023 01:41
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pmchem posted:https://twitter.com/joshtpm/status/1634330899171901440 this is very funny so is this
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Mar 11, 2023 01:46
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i'm glad everyone is collectively clowning david sacks
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Mar 11, 2023 01:54
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david sucks
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Mar 11, 2023 01:55
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am I supposed to know who that is
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Mar 11, 2023 01:57
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on the one hand bdid is panicking which is kind of a bad sign but on the other hand this is all billionaire money (because startups are capitalized by billionaires and if those startups eat poo poo then their progenitor billionaires eat poo poo) and it is an iron clad law of american capitalism that billionaires are never allowed to suffer any significant losses ever, especially as a class w/e it's friday night m'ferrrrrrs
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Mar 11, 2023 02:03
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BMan posted:am I supposed to know who that is i mean not really but quote:David Oliver Sacks (born 25 May 1972)[1] is an entrepreneur, author, and investor in internet technology firms. He is general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Previously, Sacks was the founding COO and product leader of PayPal he's one of those fuckers. paypal mafia never not gonna "why are we not guaranteed returns on our capital" in bay area tech vc discourse poo poo
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Mar 11, 2023 02:04
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BMan posted:am I supposed to know who that is he's part of elon's brain trust at twitter along with jason "jump on a grande" calacanis
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Mar 11, 2023 02:07
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man i could jump on a grande right now
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Mar 11, 2023 02:09
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https://twitter.com/rbranson/status/1634271668205146112 gotta keep the innovation flowing. bailouts now!!!
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Mar 11, 2023 02:11
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Beeftweeter posted:https://twitter.com/rbranson/status/1634271668205146112 i read the thread for context and get why its there but thats the most bay area rear end thing ive ever seen lol
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Mar 11, 2023 02:14
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lol && lmao, y'all
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Mar 11, 2023 02:14
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i was kind of hoping it was going to be because of collateral they had on loans from that startup that let you invest in expensive wines
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Mar 11, 2023 02:18
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post hole digger posted:i was kind of hoping it was going to be because of collateral they had on loans from that startup that let you invest in expensive wines i think they literally just bought a poo poo ton of fancy wine 
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Mar 11, 2023 02:23
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that's a lot of bottles of château lafite
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Mar 11, 2023 02:23
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napa valley bank
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Mar 11, 2023 02:24
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Beeftweeter posted:i think they literally just bought a poo poo ton of fancy wine nah, check their 10-K: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf "Premium Wine We are one of the leading providers of financial services to premium wine producers across the western United States, primarily in California’s Napa Valley, Sonoma County and Central Coast regions, as well as the Pacific Northwest. We focus on vineyards and wineries that produce grapes and premium wines." "Wineries and vineyards. In addition, we lend to premium wineries and vineyards through SVB's Wine Division, a component of SVB Private. Repayment of loans made to these clients may be dependent on overall wine demand and sales, or other sources of financing or income which may be adversely affected by a challenging economic environment, as well as the value of underlying real estate and non-real estate collateral, overall grape supply and income from tourism which may be adversely affected by climate change, poor weather, heavy rains, flooding, droughts, fires, wildfires, earthquakes, pandemics or other natural or catastrophic conditions." "Premium Wine (class) – Loans to wine producers, vineyards and wine industry or hospitality businesses across the Western United States. A large portion of these loans are secured by real estate collateral such as vineyards and wineries."
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Mar 11, 2023 02:29
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here's to hoping the pelosis had their vineyard account uninsured w/ svb
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Mar 11, 2023 02:31
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invest in wine something something liquidity problem
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Mar 11, 2023 02:33
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pmchem posted:nah, check their 10-K: hmm i see good thing climate change, wildfires, poor weather, heavy rains, or snowstorms haven't been happening in california
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Mar 11, 2023 02:35
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it adds character to the wines
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Mar 11, 2023 02:36
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the big one is due any second now, i hope you like earthquake carbonated sparkling
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Mar 11, 2023 02:39
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mortgage backed securities on the san andreas fault
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Mar 11, 2023 02:44
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i see a prime opportunity for millions of acres of new beachfront property
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Mar 11, 2023 02:46
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just like world war 2, some catastrophic event ruining most of the wine just makes the small surviving amount more valuable
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Mar 11, 2023 02:51
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SXSW Interactive kicked of right as this whole thing was happening. The mood is...complicated. https://twitter.com/vc/status/1634027714423267328?s=20
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Mar 11, 2023 02:54
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Trimson Grondag 3 posted:invest in wine something something liquidity problem ah, a 2023... not a particularly good year, i'm afraid
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Mar 11, 2023 02:55
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