ST Alpha - "This startup Black Tech Pipeline is experiencing its 2nd bank failure in as many years -- (link)" (Reading a Post)

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This startup Black Tech Pipeline is experiencing its 2nd bank failure in as many years -- (link)

Posted by zeitgeist Mar 10 '23, 22:56

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https://sfstandard.com/technology/svb-is-second-bank-to-collapse-on-startup-founder-as-tech-chaos-continues/ (sfstandard.com)

Responses:

I'm glad they'll be fully covered by FDIC -- nm - Beryllium Mar 10, 22:59 2
- it is, but also speaks to the chasm between BIPOC startups and the Thiel tier -- nm - hollywood big shot Mar 10, 23:06 1
  - The Thiel tier moved 50 billion dollars out in one day -- nm - Beryllium Mar 10, 23:07

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