here’s the first draft: edit like the wind!

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*Make SVB Depositors Whole - 1 of ~120*

On March 10th, Silicon Valley Bank went out of business. This has left thousands of tech startups and venture capitalists unable to make payroll, to manage their billings, and to make the world a better place.

The Tech industry is the beating heart of American dynamism and it is difficult to imagine the extent to which working people across the US - and possibly across the world - will suffer if the depositors of the bank are not made whole.

With interest rates at staggering decadal highs, there seems to be little possibility of financing a restructuring of the bank on the open market. The scope of world-changing innovation supported by SVB and brought about by its depositors has consequences so profound, and so far in the future, that it is frankly unfair to try to value it using the politically questionable discount rates cruelly imposed top-down by the government in recent weeks and months. The only solution is a bottom-up effort to save this vital engine of growth, prosperity, opportunity, progress, and change.

This is why we are asking for $1bn to ensure the tech startup and venture capital community is not made to suffer unnecessarily for the sins of the credit markets. Please note this is the maximum GoFundMe will allow and so we expect to need to do this around 119 more times. But we have to start somewhere. We have to try. We have to be the change we want to see in the world.

Thank you for your time and consideration.

Save Tech. Save the VCs. Save America.