Posted on

Silicon Valley’s surreal weekend



Share

As Silicon Valley Bank collapsed before our eyes on Thursday, a founder told me that the world felt like it did when COVID-19 first bared its teeth. I scoffed at his analogy at first: are we really using a still on-going and devastating pandemic to describe the fall of a prominent bank? But then I realized, we are indeed witnessing the crumbling of something sacred.
Now, I see the similarity between those dreary COVID days and the surreality of the past weekend — even among the collective relief that echoed through Silicon Valley as regulators told depositors funds would be accessible in full starting Monda …

Read More