For people not directly involved in this mess - it's hard to describe how herdy the SV echo chamber is. Imagine your high school politics with 100x the ego 1,000,000,000x the money.

In the matter of hours every major VC on my cap table was texting/emailing me about the situation on thursday. Half saying no reason to panic the other half screaming bloody murder. The asymmetric outcome here of keeping vs moving was obvious, assuming you already had another bank account open and the ability to quickly move payroll/ap over. This gets much harder the larger you are.

I will miss the SVB sponsored events

Herd-brained, short-sighted, unaltruistic, and they never stop telling you how brilliant they are. Avoid VCs if you can help it.

I’m wonder if this will have any effect on the ‘regulation is bad’ mantra that seems pervasive. I doubt it.

given hours ago the front page had a ycombinator plea to bail them out I doubt it either.

> Lulu Cheng Meservey, an executive vice president and the corporate affairs and chief communications officer at Activision Blizzard, has a fantastic thread on the multiple ways in which SVB dropped the ball when it announced it was raising more money.

you know you fucked up when even *Blizzard* are able to criticise your communications

They're not called 'vulture capitalists' for nothing.