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The Tech industry learned a huge lesson -- a crash course in what can happen when you put all your financial eggs in one bank. Silicon Valley Bank collapsed for a few reasons, but one that stood out to D2 is that it catered to tech start ups, and tech start ups fed SVB. So when tech started to wobble this year with layoffs and cuts and firm failures that put pressure on the bank. David Politis, President and CEO of the David Politis Company, former publisher & editorial director for silicon slopes joins the show to discuss this further as he has worked in the tech industry for over 35 years.
See omnystudio.com/listener for privacy information.
By Debbie Dujanovic and Dave Noriega4.1
4040 ratings
The Tech industry learned a huge lesson -- a crash course in what can happen when you put all your financial eggs in one bank. Silicon Valley Bank collapsed for a few reasons, but one that stood out to D2 is that it catered to tech start ups, and tech start ups fed SVB. So when tech started to wobble this year with layoffs and cuts and firm failures that put pressure on the bank. David Politis, President and CEO of the David Politis Company, former publisher & editorial director for silicon slopes joins the show to discuss this further as he has worked in the tech industry for over 35 years.
See omnystudio.com/listener for privacy information.