Silicon Valley Bank Isn’t the Canary in the Tech Coal Mine
Last week, Silicon Valley Bank (SVB), known for its 35-year relationship with the tech start-up scene, imploded. It's very easy, and maybe even tempting, to position Silicon Valley Bank’s collapse as something bigger - a canary in the coal mine for Peak Tech. Such thinking breaks down into the following:
- The way SVB’s meteoric rise in deposits, driven by Silicon Valley momentum during the pandemic, masked inadequate risk assessment is analogous to…