Patreon Preview – 241. Euthanasia of Silicon Valley Bank (ft. Brian Merchant)
Been a long time since we’ve seen a good old fashioned bank run lead to the collapse of a venerable financial institution, but leave it to Silicon Valley to rediscover something old and call it new again. We are joined by Brian Merchant—LA Times tech columnist and author of Blood in the Machine—for a post-mortem on Silicon Valley Bank, breakdown its events and effects, and hold Ed to account for his incitements to violence against the most marginalized and traumatized people of them all: venture capitalists. ••• Brian’s column: https://www.latimes.com/business/technology/story/2023-03-12/column-silicon-valley-bank-is-broken-because-silicon-valley-is-broken ••• Brian’s book: https://www.littlebrown.com/titles/brian-merchant/blood-in-the-machine/9780316487740/ ••• Brian’s twitter: https://twitter.com/bcmerchant Some stuff we reference ••• The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank | Ed Ongweso Jr. https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html ••• Silicon Valley Bank profit squeeze in tech downturn attracts short sellers https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3fa7 ••• Startup Bank Had a Startup Bank Run https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run ••• How Bad Was the Silicon Valley Bank Bailout? https://www.nytimes.com/2023/03/14/opinion/silicon-valley-bank-bailout.html Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)