How many ppl use silicon valley bank?

“It’s pretty much this unspoken rule that every startup is supposed to put their money in SVB. It’s standard Silicon Valley groupthink.”

https://sfstandard.com/business/payroll-is-on-monday-vcs-startups-scramble-for-answers-after-biggest-bank-crash-since-2008/

Saw this tweet earlier (https://twitter.com/peruvian_bull/status/1634022468842311682) showing that they held 2.3 B in cash, while liabilities = 195B, and customer deposits = 173B, don't know how many people actually use SVB, but we might see the market bleed from it.

Half the startups in Silicon Valley use SVB, which is ALOT - its gonna be reall

There may be many many venture backed startups affected by this.

It’ll be venture backed companies.