VCs are blaming each other in the wake of Silicon Valley Bank collapse

"If you are in a movie theater and it's not on fire and you yell fire, and then you congratulate yourself for being out first while other people are laying on the floor, do you sleep well tonight?" Suster asked.

"The problem is that we're in a state of social media where everyone is hearing at the same time, 'Oh my God, this bank's going down," he told Insider. The whispers of"liquidity issues" reportedly began in December 2022 as founders started quietly switching banks, and panic only continued to rise online in the months leading up to SVB's collapse.expressed disappointment for the panic around the bank prior to the shutdown.

"This emergency was not helped by investors going into a frenzy and orchestrating a bank run," she told Insider."If the investor community thought it was beneficial to keep an institution alive over an individualized goal of protecting only their own companies, I would like to think that we could have avoided the largest bank closure since 2008."told Forbes the blame for the bank's fate doesn't fall on them.

"It's the company's job to convince the market that there shouldn't be a panic. SVB completely fucked this up. They decided to take all these losses without a financing solution in place, and now they're blaming the market," one firm leader said, according to Forbes.Sign up for notifications from Insider! Stay up to date with what you want to know.

Short all banks pretend capitalists.

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you know - I really regret watching 'House of Cards' now. It's all I see :( I'm like an uber-conspiratualist.

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