In other words, there is a world in which people took better decisions and SVB continued to chug along quite happily. The question is: Is that the world we want?
One view is that it isn’t, and that this collapse, in addition to being a salutary lesson for the tech industry, is an opportunity for the sector to finally break out of its cozy silos and learn to talk to the wider financial system. At some level, SVB collapsed for the same reason that female and Black and Latino founders still struggle to get VC funding, or that shaggy-haired kids manage to sweet-talk people into giving them billions for crypto Ponzi schemes: The tech
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