How does a bank collapse in 48 hours?

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If you blinked, and missed the extremely rapid decline of Silicon Valley Bank – and others, CNN has done a handy round-up of what happened. And of course, Loadstar Premium has a great piece too. It appears SVB wasn’t too interested in our sector, although some of Flexport’s investors, such as Shopify, Founders Fund, Y Combinator, G Squared and Andreesen Horowitz, did appear to have direct exposure to SVB. However, Peter Thiel’s Founders Fund withdrew “millions” from SVB on Thursday. It ...