About SVB chapter 11, do you know if that means stock from its startup clients have to marked to market?
If I remember right they gave some credit lines to clients with startup stock as collateral. This was not the reason why they blew out, but if those stocks touch any form of rational market, that will blow out a couple of VC funds for sure
Imagine explaining in a liquidation process that a company with no revenues and no product has xxx millions evaluation lol
LPs will be pissed for sure
th_s4m0ht / Thomas Rossi
npub1fg…hnjqf
2023-03-17 15:57:59
Author Public Key
npub1fgxtu7t68hkxxdqgyz0qz3vk5zf4m75cdzt6xm0q7lntfx5azrrshhnjqfPublished at
2023-03-17 15:57:59Event JSON
{
"id": "1a46b5c9bee203988b90888b1b58c99cb3d58592f929f943a58ff9321817c2d0",
"pubkey": "4a0cbe797a3dec633408209e014596a0935dfa986897a36de0f7e6b49a9d10c7",
"created_at": 1679065079,
"kind": 1,
"tags": [],
"content": "About SVB chapter 11, do you know if that means stock from its startup clients have to marked to market?\n\nIf I remember right they gave some credit lines to clients with startup stock as collateral. This was not the reason why they blew out, but if those stocks touch any form of rational market, that will blow out a couple of VC funds for sure \n\nImagine explaining in a liquidation process that a company with no revenues and no product has xxx millions evaluation lol \n\nLPs will be pissed for sure",
"sig": "dd7ca1aa6ff444cfe72b5090cb66485bb3704cd6f84eb4b0601f869263c556ecc42d6d111d07c7f8b6df1fbb2c55ab3ffae2e70d95e99e848ebf16d0342ba683"
}