Silicon Valley gets a taste of what the public thinks of the tech sector
During the chaos last weekend after Silicon Valley Bank was taken over by federal regulators, but before they guaranteed customers access to their deposits, there was panic in the tech world and pleas for the government to step in and help thousands of businesses that could have been crushed. But cries of victimhood from the tech sector were often met by the internet’s smallest violin, and the government’s actions to stabilize the situation were sometimes derided as a “billionaire” bailout for privileged tech bros. Sarah Kunst, a general partner at venture capital firm Cleo Capital, talks to Marketplace’s Meghan McCarty Carino about Silicon Valley’s image problem.