I initially got scared too, but in the end this seems to affect more the Venture ecosystem than the financial world at a systemic level.

Thanks for sharing rational arguments!

Just posted a similar comment on a different post. IF - and it's a big IF - this turns into any sort of banking scare - it's probably a net positive for stocks due to its impact on rates. Tighter lending is deflationary - taking some pressure off Fed, but more importantly, rates up means bond values down - so continuing to hike when the entire world is panicking about mark to market losses on bond portfolios may not be the greatest idea. I am not acting on this view as I just buy and hold through thick and thin - but it seems there's a distinct possibility that this ends up being net positive medium-longer term just because it accelerates rates moving back down a bit.

Adjusted for inflation, SVB isn't much of a big deal compared to Washington Mutual. Great post btw!

Good take.

I appreciate your sane and down-to-earth take on the recent events. Twitter has been a scary place the past few days. This stuff doesn't lend itself to quick tweets and hot takes.