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Message: Re: Silicon Valley Bank Bust
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Mar 11, 2023 09:07AM
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Mar 11, 2023 10:36AM
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Mar 11, 2023 11:13AM

The fear around SVB isn't about having debt with them - it is about having cash with them. 

See Roku - 26% of company cash reserves - $476M or so - now tied up in the process.  It is unknown when the cash could be liberated, or how much will be left (although the current read would be most can be recovered, eventually.  God only knows what the CFO was thinking putting that much in a small bank).  Juniper came out and named their exposure (minimal). Remember, FDIC covers $250,000. 

I think we will see more companies confessing over the weekend

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Mar 11, 2023 03:42PM
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Mar 11, 2023 04:56PM
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Mar 11, 2023 08:42PM
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Mar 11, 2023 09:05PM
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Mar 11, 2023 11:56PM
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Mar 12, 2023 04:57PM
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