“It turned out that one of the biggest risks to our business model was catering to a very tightly knit group of investors who exhibit herd-like mentalities.” — Silicon Valley Bank senior executive
You are allowed to yell “fire!” in a crowded theater. Contrary to a popular myth, there is no U.S. law stopping you.
This past weekend, in our 21st-century theater—Twitter—economists and venture capitalists were screaming it at the top of their lungs, warning the rest of us about the meltdown of Silicon Valley Bank and the broader panic they were sure it portended.
