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The Impact of SVB on the VC Industry

Tribe Capital Co-Founder Arjun Sethi joins Caroline Hyde and Ed Ludlow to discuss the fallout from the collapse of Silicon Valley Bank and why, like other Venture firms, Tribe Capital advised its portfolio companies to move some, if not all, of their balances from SVB. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:…

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Tribe Capital Co-Founder Arjun Sethi joins Caroline Hyde and Ed Ludlow to discuss the fallout from the collapse of Silicon Valley Bank and why, like other Venture firms, Tribe Capital advised its portfolio companies to move some, if not all, of their balances from SVB.
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49 Comments

49 Comments

  1. rub tyson

    March 10, 2023 at 9:32 pm

    👍👍. I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

    • benjamin paul dimedio

      March 10, 2023 at 10:09 pm

      @Amadi Tempe bitcion is not money dumb dumb

    • TL

      March 10, 2023 at 10:20 pm

      @Morgan Stefan mugu

    • Lrtz Mnvg

      March 10, 2023 at 11:10 pm

      Nick Dranchack is best I made 106% return

    • benjamin paul dimedio

      March 11, 2023 at 7:28 am

      @Lrtz Mnvg i make that in day , loser

  2. cayminlast

    March 10, 2023 at 9:54 pm

    Tangible assets will always be a far better investment, numbers on a screen or a sheet of paper are jubject to being erased with a keystroke or paper shredder.

  3. K E

    March 10, 2023 at 10:26 pm

    Sounds like this guy will be able to swoop in and ask for … idk 25% of one of these small startups – ‘hey, i am your new bank, how much do you need for payroll again? It is Friday, right?’ Rich get richer.

    • Nerval1855

      March 10, 2023 at 11:08 pm

      That would illegal and vigorously prosecuted.

  4. Nerval1855

    March 10, 2023 at 11:09 pm

    I hope the Fed is happy.

    • Darius Moon

      March 10, 2023 at 11:23 pm

      the bank’s root cause before the insane printing of money

    • wakereu

      March 10, 2023 at 11:53 pm

      The fed has an obligation to apply the law to function. If they don’t, we’ll go back to 1930 economic meltdown.

    • Common Sense Isn't Common

      March 11, 2023 at 12:06 am

      Demorats OWN THIS!

    • IvanAndreevich

      March 11, 2023 at 12:54 am

      I am. The rate hikes are working.

    • K.T.

      March 11, 2023 at 10:34 am

      <--- has not idea how Federal law operates.

  5. M K

    March 10, 2023 at 11:31 pm

    allowing marijuana dispensaries to actually utilize banks would go a long way towards creating monetary circulation. Instead of forcing them to literally bury their money in the back yard for safe keeping. Absurd, and dangerous.

    • David E

      March 11, 2023 at 12:24 pm

      Banks would just take that money and rehypothecate it too.

  6. I

    March 10, 2023 at 11:37 pm

    Amazing all the concern about Banks
    but nowhere near a similar concern for
    Economic Contagion from Student Debt
    implosion.

  7. I

    March 10, 2023 at 11:38 pm

    So, Regulation wasn’t Strong – Enough!
    SVP goes Capute. Lying Liars lies to US
    again – as Al Franken keeps warning US.

  8. Common Sense Isn't Common

    March 11, 2023 at 12:05 am

    Not before the banks execs sold all their stock!!!!

  9. KD8GIS Bruce

    March 11, 2023 at 12:25 am

    You can trust the Gov. They know what they are doing… They got us thru the 2008 little problem. Didn’t they?

    • muadhnate

      March 11, 2023 at 6:34 am

      Yeah they did.

  10. gibberish here

    March 11, 2023 at 1:51 am

    Wouldn’t be surprised if those companies calling for their customers to do a bank run on SVB had puts lol

  11. ISRAELITE INJUN

    March 11, 2023 at 3:39 am

    LIAR LIAR PANTS ON FIRE, WERE ON TO YOU TRANSGENDER/HOMOSEXUALS DECEPTION AND LIES LOL.

  12. Bleacherz

    March 11, 2023 at 4:05 am

    Cry me a river

  13. Bleacherz

    March 11, 2023 at 4:07 am

    Could of just banked at Jpm but there clowns wanted to be part of the boys club – let me rot

  14. Jimbo Jimbo

    March 11, 2023 at 4:54 am

    Incredible hair

  15. 2040wagon

    March 11, 2023 at 6:22 am

    This guy is excellent. Did SVB contact Blackrock? I am not fully buying this bond business. The bank was started in 1983 when interest rates were over 10%. Let us see derivative and property portfolio leverage. Would not be surprised if Evergreen and Vulture fund were invested in by SVB. Sad story.

    • Edsel Greaves

      March 12, 2023 at 8:53 am

      SVB paid out employee bonuses and the CEO went on the run literally a day before the feds swooped in. What a load of crock. It’s such an obvious collusion. The government wants tech assets so they can continue their WEF 2030 Agenda, and now anyone who wants to start a tech company has to go through them instead of private entrepreneurship.

  16. muadhnate

    March 11, 2023 at 6:33 am

    This guy’s face looks like its ai assisted…

  17. Big Red

    March 11, 2023 at 9:30 am

    Blame the Fed for the bank over leveraging? lol ok bud

  18. thomasucc

    March 11, 2023 at 10:42 am

    Why not get the taxpayers or the poor to pay

  19. Vee

    March 11, 2023 at 10:49 am

    The bank that catered 97% of its customer base to rich tech startups are shocked when they are the first run the bank? Did it ever occur to them to diversify? Do they know why bigger banks have most of their depositors well under the FDIC limit? Way less likely for Becky to run the bank for her $1500.

  20. Tony Ray

    March 11, 2023 at 11:35 am

    Just blame Trump or Puntin,they the evil of the world, Joe Biden will save the banks, him and Nancy

  21. Andr3Wild3

    March 11, 2023 at 11:48 am

    Good H12: imHo, healthy correction of some quite none-efficient assets–Classics. Krgds, AA*.###

  22. Piccalilli Pit

    March 11, 2023 at 1:50 pm

    *OH LOOK – CAPITALISM COLLAPSING AGAIN* Capitalism is the Trabant of economic models – constantly breaking down, incredibly polluting, very unsafe

  23. Philip Quaglino

    March 11, 2023 at 2:03 pm

    I hope they get a bailout, was a great bank and not a failure due to market manipulation or scammers like in 2008.

    All this was due to three things.

    1. Fed raising rates causing investors to not want to fund anymore.
    2. SVB management going big on long term treasuries over short term.
    3. VCs panicking over a fire that was not there when SVB was willing to take a $2B loss now and easily absorb it & raise capital to fund the clients while VCs wait it out.

    A bank failed when it should not have. Had they been corrupt like JPM and Goldman??? I’d say he’ll no, but clients would flock back to SVB, VCs would eventually come back long term. Literally a $20B bailout would do WAY more good here than say $20B to Ukraine that is doing nothing good. SVB bailout saves tens of thousands of jobs that flow back into the economy.

    SVB doesn’t own politicians though. And Becker wasn’t a horrible CEO,,he mad a few bad decisions yes. Everyone does that. But for over a year and just recently saw financials and asked about the MBS thing and were very much ok with it.

  24. JACK LONDON

    March 11, 2023 at 4:50 pm

    this is so fun as a business owner who pays with CASH in all things, PAYROLL, orders rent etc. LOL CLASSIC!!!

  25. Terrance Cloverfield

    March 11, 2023 at 9:23 pm

    House GOP should discover the ESG score of every VC. The lower the score, bail them out loll.

  26. DM

    March 11, 2023 at 11:53 pm

    I’m reading in several places that Peter Thiel may have caused this bank run, inadvertently or otherwise, by calling around those he knew where invested in the bank and urged them to pull all deposits. I know that he’s radical in his beliefs and seemingly more than willing to place his business investments and US politics all the same.

    …Is it possible that he did in fact cause this?

    • Brian Fantana

      March 12, 2023 at 7:14 pm

      Him and a couple others for sure. There’s a reason Yellen decided to back the depositors…they looked at the balance sheet and discovered it only had a minor impairment. Thiel should pay a price.

  27. True Persona

    March 12, 2023 at 4:25 am

    Two DOMINOs have fallen and many to follow. The “SOFT LANDING” has begun. This is the beginning of the end of the US financial market.

  28. Fog runr

    March 12, 2023 at 5:57 am

    Wall Street opens on Monday the 13th.

  29. info781

    March 12, 2023 at 11:30 am

    This bank is only short a couple of billion, this is not crypto.

  30. Karan Mamtora

    March 12, 2023 at 4:27 pm

    I really admire what tech guys do, but What would be economy like if there were let’s say 50% less burning money in start-ups?

  31. zerocapacitance1

    March 12, 2023 at 5:04 pm

    Thanks “Arjun”.

  32. Evermain Serpico

    March 12, 2023 at 7:11 pm

    He talks like Elon.

  33. Brian Fantana

    March 12, 2023 at 7:12 pm

    A couple of VCs panicked and started a bank run that killed SVB. Now they want someone else to come in a buy SVB …yeah right. They can use Goldman from now on and get their faces ripped off.

  34. IWLJDF46 456IUEIND

    March 12, 2023 at 7:56 pm

    America is still a pirate, stealing from the Chinese

  35. DaddyAl37

    March 12, 2023 at 9:09 pm

    More is coming so take your $200 as you pass go.

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