#BailOutTheVCs
Discussion
What's your take on VCs in general?
It will be interesting to see it is handled compared to last time. Are VCs as critical as Wall Street in the eyes of the govt? I’m think so, 1000x
Savage 🔥
#Un-loquatious
I can do it
Nearly 50% of all venture capital-backed startups in the US had exposure to Silicon Valley Bank
SV was corny since 2015.
Over 1000 YC startups impacted, and they are only a fraction of total ecosystem. Also with many jobless, I hope Nostr and Web5 will be a great opportunity for everyone to find use-cases and start building on these ecosystems. At least don’t have to worry abt bank runs with Bitcoin!
It used to very common that incubators, accelerators, and VCs would either require or strongly suggest startups to open accounts at SVB. It made some of the transactions easier for sure. Not sure how common that has been recently, but SVB does a lot of outreach to the startup ecosystem.
👀
When I say we good, I mean u? I get to be a cocky little cuck for a reason
I’ll start a gofundme
this wasn’t a joke btw, I’m literally doing it. stay tuned.
(I mean, it *was* a joke, but it made me laugh so much that’s actually why I decided to do it)
Lol, or you can create your own shitcoin, fund politicians, get celebrity investors to endorse, play video games while speaking to institutional investors, raise loans through your own coin creations “assets and collaterals”, build hype, then rug-pull.
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