47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)

March 15, 2023 01:13:50
47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)
Scam Economy
47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)

Mar 15 2023 | 01:13:50

/

Show Notes

Edward Ongweso Jr., writer of the Tech Bubble newsletter and co-host of This Machine Kills podcast, joins Scam Economy with Matt Binder to discuss the collapse of the tech industry's favorite financial institution, Silicon Valley Bank. Edward and Matt break down what this means, how it happen, what sparked the bank run by tech founders and VCs, what SVB's investments were, how the bank fell right around the same time two crypto-friendly banks Silvergate and Signature Bank also failed, how the VCs like David Sacks and Jason Calacanis threw a tantrum demanding a government bailout for the tech industry, and more. Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html Visit ScamEconomy.com Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

July 08, 2022 00:59:59
Episode Cover

22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

Yet another crypto lender, Voyager Digital, has frozen its customers' funds, pausing withdrawals, and just filed for bankruptcy. But this time, it's even more...

Listen

Episode

October 21, 2022 01:19:49
Episode Cover

35: Crypto is the Future...Just Like Google Glass (w/ Quinn Myers)

Quinn Myers, freelance writer and author of the new book Remember the Internet: Google Glass joins the show to discuss Google's new partnership with...

Listen

Episode

October 31, 2022 02:05:20
Episode Cover

36: Inside Yuga Labs: Bored Ape Yacht Club Behind-the-Scenes (w/ Yasmin Gagne and Connie Lin)

Fast Company's Yasmin Gagne & Connie Lin join Scam Economy to discuss their latest piece: a sit-down with Yuga Labs to discuss the history...

Listen