India-based founders don’t know who to turn to as an alternate to SVB. Likely true for founders in other countries too. From what I hear, SVB was the only bank who’d bank a Delaware C Corp with founders who didn’t have a SSN. Unique, tech forward bank. Shame what’s happening.

30% of YC companies exposed through SVB can’t make payroll in the next 30 days. If you or your company are affected, I recommend that you reach out to your local congressman to get this on their radar TODAY. Now. house.gov/representative…

Several VC leaders met today to discuss the aftermath of SVB’s downfall. This is a joint statement from all of us. Accel Brad Gerstner B Capital General Catalyst Elad Gil Greylock Khosla Ventures Kleiner Perkins Lightspeed Mayfield Redpoint Ribbit Capital Upfront Ventures

The Treasury Department and FDIC must communicate loudly and clearly that depositors will be protected. The investors and executives of SBV should bear risk and lose. But this should not mean that workers go without paychecks on Monday or small businesses collapse.

Hi Judd, I don't know you and you don't know me but I want you to know this tweet lacks a full understanding of what SVB was - the 16th largest bank in America . Understand you are advocating for a loss of jobs in the millions. What do you think that would do to our economy?

Some are dancing a jig about SVB b/c they think they’re owning tech. They’re not owning tech. They’re owning the economy. These are small/medium businesses, e.g., tech, wineries, payroll processors. +workers who won’t get paychecks This is systemic risk. Feds must fix it now.

While there are many conversations underway, we are opening our statement to the broader VC Community to signal our collective need for a strong banking partner for our community. To add your firm, email [email protected]. tinyurl.com/VCCommunitySVB… #SVB

I made a strong case to Treasury & WH that best case scenario is a buyer so depositors are made whole, workers get paid & stay employed & clients don’t disrupt services. Buyer should have strict capital requirements & stress & liquidity tests. This wouldn’t cost taxpayers a dime.

VCs don’t want a public bailout. They want regulators, who closed SVB, to facilitate a private transaction, which laws prevent the market from facilitating itself, to avoid damage to the economy. “What’s in it for us is?” a stupid question.

My team + I've been spending the last 48hrs with entrepreneurs who are fighting to figure out how they're gonna make payroll. There is an important role for the US Govt in situations like this: protect small businesses + their employees—backstop depositors so they can make

Whats missing from the narrative is SVB is a climate bank heatmap.news/technology/svb…

Relieved that FDIC has protected deposits. Continuity for thousands of companies & paychecks for millions, at 0 taxpayer cost. Must figure out how the critical services SVB provided for tech/vc thrive in SVB/successor. Proud of industry collaboration to catalyze this outcome.

I know we’re not totally out of the woods. But worth you knowing the VCs who really stepped up behind the scenes to try & keep focused on averting panic & helping founders quickly & working in concert. Many, but these 3 👇🏼👇🏼 1. Hemant Taneja 2. Scott Kupor 3. Brad Gerstner 🙏🏼👏🏼

I know a lot of people have been sharing stories around the #SVB collapse and the greater fallout and implications beyond it, but I wanted to put ours down in the record book as well. 🧵/15

ChatGPT on iOS live in the US and rolling out to other countries soon! apps.apple.com/app/openai-cha…

01.09.24. The wait is over.

“The incidents point to a clear trend of anti-Hindu hate crimes, said Ramya Ramakrishnan of the Hindu American Foundation. “Community members are reaching out, asking, ‘Is it safe to go to the temple?'” Excellent coverage of recent anti-Hindu hate crimes. religionnews.com/2024/01/08/rec…

Want a longer healthspan? (yes, I'm a Peter Attia fan) Feel pinched for time? Kabata has your answer. The most pervasive form of weight training, dumbbells, just got a lot smarter. Pre-orders open today! kabatafitness.com I'm most excited about the AI-driven

Cuby is mass-producing houses and more importantly, mobile mini factories to build them. For Episode 31 of S³ we feature Cuby Technologies in our first international and remotely shot episode.

FRAME. IT. 📸 Jamie Squire