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🐻 BEAR IS BACK 🐻
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"nothing can be worse than the 2022 bear market"
the 2023 bear market:
the 2023 bear market:
svb_presentation.pdf
533.6 KB
SVB Investor presentation that kicked off the collapse
Becker said the bank has “ample liquidity” to support its clients “with one exception: If everybody is telling each other that SVB is in trouble, that will be a challenge.” The executive asked VC clients to “stay calm. That’s my ask. We’ve been there for 40 years, supporting you, supporting the portfolio companies, supporting venture capitalists.”
“In its investor presentation relating to its various financial moves shared last night, the company noted that venture capital firms were investing less, and that startup clients were still burning — consuming — cash at a historically elevated level. The mismatch led to what the company described as pressure to its “balance of fund flows.”
Becker said the bank has “ample liquidity” to support its clients “with one exception: If everybody is telling each other that SVB is in trouble, that will be a challenge.” The executive asked VC clients to “stay calm. That’s my ask. We’ve been there for 40 years, supporting you, supporting the portfolio companies, supporting venture capitalists.”
“In its investor presentation relating to its various financial moves shared last night, the company noted that venture capital firms were investing less, and that startup clients were still burning — consuming — cash at a historically elevated level. The mismatch led to what the company described as pressure to its “balance of fund flows.”