SVB was throwing money around to worthless companies that nobody else would loan to at 0%.

Now those companies will have to find someone to loan them money when rates are ≈5%.

Whatever else happens, there won’t be as many shitty startups spinning up and out of SV for the foreseeable future.

Also, do you think those VCs have as much influence in the big NY banks? How about Californian representatives and senators?