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Huge & costly miss by the media and govt in thinking SVB collapse is about ‘big tech.’
— Alex Macdonald (@alexfmac) March 12, 2023
Big tech banks with the big 4.
The vast majority of founders run small businesses.
This is about thousands of small businesses, their employees and their families. https://t.co/1KOUmiv0W9
Press Release on the visit of Mr. Zhang Shaogang, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) to Nepal. pic.twitter.com/knfIR115V1
— Ambassador Chen Song (@PRCAmbNepal) March 12, 2023
केही बर्षअघि यही ट्विटरमा लेथेथें, यस्ता परियोजनाहरूमा निर्णय गर्दा, feasibility हेरिॅदैन? कसैले जवाफ मा ‘यस्ता game changing योजनामा के को study, DPR बनाउने, अघि बढ्ने’ जस्तो गरे! यी कुरामा सायद राजनीति, ‘द्रव्यनीति’ थपिंदा यो गति भो। थप ऋण भार पनि हाम्ले यसै गरि बोक्ने होला।
— Devendra Raj Panday (@DRP39) March 12, 2023
Problem also lies on the international law on conflict-related “gross” human rights violations. The Rome Statute of ICC only covers grave crimes like war crimes, genocide and crimes against humanity. International human rights treaties do not define conflict-era gross violations. https://t.co/xJ72AA1ZTB
— Madhu Raman Acharya (@MadhuRamanACH) March 11, 2023
I do hope to succeed in business 🤞
— Elon Musk (@elonmusk) March 11, 2023
He says, “Be still, and know that I am God; I will be exalted among the nations, I will be exalted in the earth.”
— Pastor Peter bankar (@PeterBankar) March 12, 2023
Psalms 46:10
YOU SHOULD BE ABSOLUTELY TERRIFIED RIGHT NOW — THAT IS THE PROPER REACTION TO A BANK RUN & CONTAGION @POTUS & @SecYellen MUST GET ON TV TOMORROW AND GUARANTEE ALL DEPOSITS UP TO $10M OR THIS WILL SPIRAL INTO CHAOS
— @jason (@Jason) March 12, 2023
watching the lord of the ring trilogy for the first time. gollum is such a drama queen lol
— ali (@_ali_taylor) March 12, 2023
— Marc Andreessen (@pmarca) March 12, 2023
Timeline cleanse: A Lightning Strike In Australia. 📷 by David Diehm Photography pic.twitter.com/0znCE0npjU
— Jürgen "jkr" Kraus (@jkr_on_the_web) March 11, 2023
There was a lighting strike on the sidewalk near where I used to live. It created a hole in the cement. I'll bet the pictured strike created fused sand particles.
— Richard Peterson ⸮⸮⸮ (@genuine_rp) March 11, 2023
Kohli has made 12 runs in 20 overs - a fascinating phase of play, complemented by Murali Kartik and Matthew Hayden lecturing us about growing a thick skin and why Test cricketers should not be on social media.
— Abhu (@abhu_tyagi) March 12, 2023
The stupendous stupa of Kesaria, Vaishali. Partially restored, the rest a hillock with beautiful trees. @Kishore_chandra and I were greeted by the cultural doyen of Champaran, Ramsharan Agarwal. pic.twitter.com/3ZnQAafyEP
— Kanak Mani Dixit (@KanakManiDixit) March 11, 2023
Make sure you get outside today if you're in #banking or #fintech. What a week #SiliconValleyBank pic.twitter.com/WzZBNzRUDW
— wadearnold (@wadearnold) March 11, 2023
Touch the grass or snow this weekend. I’m also available if needed. Reach out pic.twitter.com/qdn0lm7FkJ
— Peggy Mangot (@peggymangot) March 12, 2023
“These are the good old days!” – frens
— Elon Musk (@elonmusk) March 12, 2023
Scary thought: We've been in a low-interest rate world for over a decade straight, and within 6 months of rates rising, we've seen SPAC collapses, FTX, and now SVB.
— Tanay Jaipuria (@tanayj) March 11, 2023
What else unravels over the next year or two?
Blaming depositors for bank failure is like placing the blame for medical malpractice on patients because they didn’t do a good enough job shopping for a doctor. Depositors expect the Fed to ensure that banks are safe.
— David Sacks (@DavidSacks) March 12, 2023
Full house for Voices for Ukraine with @ilya_poet @katiefar @OlgaLivshin @OlenaJennings @returnstosender @suvorovawrites @SashaVasilyuk @bowlga & more, sponsored by @brackenmagazine @uwtranslation @simpson_center @UwSlavic pic.twitter.com/gToAlRvEOK
— Sasha Vasilyuk (@SashaVasilyuk) March 12, 2023
Kind of amazing how the "Silicon Valley" in SVB leads people to think it's just a bank for the elites.
— Sriram Krishnan - sriramk.eth (@sriramk) March 11, 2023
A bit stunned over a lack of concern for startups and innovation that power so much of what we use today.
Which business magazine/paper do you trust the most?
— Patrick Bet-David (@patrickbetdavid) March 12, 2023
If other, which one? 👇🏽
Pandemic. Bank run. Land war in Europe.
— James Mishra (@rishmishra) March 12, 2023
I feel like I'm seeing my AP US History textbook happen in real life.
Driving an Electric Vehicle to be "green"? Well, nearly 60% of your electric fuel comes from fossil fuels (coal + natural gas) and nearly 80% comes from fossil fuels + nuclear. Less than 11% comes from windmills and less than 4% from solar panels. #RealityCheck pic.twitter.com/0yZnYiIFy0
— Mark J. Perry (@Mark_J_Perry) March 11, 2023
Today, I finally understand the anger that led to the creation of Bitcoin.
— Nuseir Yassin (@nasdaily) March 11, 2023
Who do you trust with ur livelihood?
A “gov insured” bank that’s not actually insured?
An exchange that goes bust?
A stablecoin that depegs?
Or a currency that makes you 8% poorer every year?
What is good for the soil is always good for your body because your body is just an embodiment of soil. #SadhguruQuotes pic.twitter.com/TDx9A1FJT3
— Sadhguru (@SadhguruJV) March 12, 2023
Honestly. This isn’t classy. Congrats if that’s what you were going for
— Peggy Mangot (@peggymangot) March 12, 2023
Major problem. These are oversubscribed in America.
— Elon Musk (@elonmusk) March 11, 2023
The beauty of B2B? You can get on the phone and start pitching people. See their reactions and get feedback in real time!
— Jesse Pujji (@jspujji) March 12, 2023
It's a great way to scale and open up a whole new world of opportunities for your business. pic.twitter.com/1YA8jCVA1w
“Silicon Valley gets what it deserves! Screw tech, startups and VCs!”
— Tom Loverro (@tomloverro) March 11, 2023
-Sent from an iPhone via Twitter and Instagram, w an ARM processor instruction set by Marvell, code repo by GitHub, delivered via Cloudflare, while driving a Tesla Model 3 and Slack/Gmail w co-workers
He is not just a clown, he is a puppet clown. pic.twitter.com/Cjbb6oVPGX
— Proud Unrepentant Ultra MAGA Gina Bella (@ginabella) March 12, 2023
#BREAKING: The strategic bomber #B52-H Stratofortress of the #USAirForce, capable of carrying nuclear weapons, about 2 hours ago, went to the position of launching missiles in St. Petersburg near the island of Gotland, which is located at a distance of about 200 km from the… https://t.co/W0piEKkhnh pic.twitter.com/I5vAecKZCN
— TRUTH PUKE (@TruthPuke) March 11, 2023
— John Metzner (@JohnRMetzner) March 12, 2023
I would happily accept the end of carried interest tax treatment for VCs and private equity, in exchange for knowing SVB depositors will get back 100 cents on the dollar.
— Roy E. Bahat (@roybahat) March 11, 2023
Here’s how fake crab meat is made.
— clemenza🥩⚡️| healthy skeptic (@CarniClemenza) March 11, 2023
Who is eating this stuff? pic.twitter.com/mVkVwoTimf
We can’t have a functioning economy if the average American has to assess the balance sheet of a bank before they deposit money.
— Pomp 🌪 (@APompliano) March 12, 2023
We don’t even teach personal finance in most schools, let alone how to read financial statements.
Extroverts are convinced the Internet makes people more lonely. Introverts are convinced the Internet makes people less lonely.
— Marc Andreessen (@pmarca) March 12, 2023
I deleted my tweet because I learned too many ppl are unaware that wires don’t go out on wkends and that banks are not open on Sundays.
— Elizabeth Yin 💛 (@dunkhippo33) March 12, 2023
I’m disappointed in ppl.
If you’re a female founder impacted by #svb and working to pull a deck together for an emergency BOD meeting to discuss your options & want help, DMs are open & my weekend is free.
— Abbie Strabala (@straballar) March 11, 2023
I can do: Formatting. Storytelling. Scenario planning. Cash flow projections. Draft comms.
❤️
If Russia wanted to destroy or materially impair 65k of our most promising new technology and biotech companies, there is no better method than a cyber attack that blows up @SVB_Financial with the @FDICgov not guaranteeing deposits. The irony is that we did it to ourselves. https://t.co/Gl9Rr6HvXc
— Bill Ackman (@BillAckman) March 11, 2023
Last 24 hours has been pretty eye opening to see how many people are rooting against the tech industry and innovation
— Alex Cohen (@anothercohen) March 11, 2023
I WATCHED PEOPLE TELL ME SVB WAS FINE, THEN FRB WAS FINE… WHILE MORE INTELLIGENT/CUT THROAT FOLKS WERE WIRING OUT OF BOTH PLACES — THIS IS THE PRISONERS DILEMMA
— @jason (@Jason) March 12, 2023
Are we really at a point that we think Roku made a mistake but holding $487 million in one account at the 16th largest bank? That they should have known better and spread is over about 1,750 different accounts to stay under the $250k arbitary limit?https://t.co/iRKdmpE5hX
— Jim Bianco biancoresearch.eth (@biancoresearch) March 12, 2023
I swear this is a true story.
— Hailey Lennon (@HaileyLennonBTC) March 12, 2023
You can’t leave your house in DC without hearing discussion of SVB
A table behind and a guy literally said “I have exposure to SVB and I wish I had exposure to bitcoin instead”
I have a business idea, it is like a bank, but they keep your money in a vault, don't lend it to anyone else, and charge you a fee for the service.
— Peter McCormack🏴☠️ (@PeterMcCormack) March 11, 2023
Pretty radical I know, who wants in?
Guaranteed increase in anger levels
— Elon Musk (@elonmusk) March 11, 2023
Sunday poll: What’s the best Indian Sunday breakfast ?
— Rajdeep Sardesai (@sardesairajdeep) March 12, 2023
Most people don't know:
— Michael Girdley (@girdley) March 11, 2023
1- SVB is an LP in many venture capital funds
2- Those VCs pushed startups to get venture debt from SVB.
3- The terms made startups put nearly all cash in SVB
It's easy to say, "the startups were dumb!"
But it's more complicated.
Silicon Valley Bank’s shareholders and executives lose it all, as they should. Depositors in good faith, however, should recover and have access to their deposits in order to meet their payrolls, pay their suppliers, and to prevent contagion.
— Mitt Romney (@MittRomney) March 11, 2023
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