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The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails and the dominoes continue to fall. That is why gov’t intervention should be considered.
— Bill Ackman (@BillAckman) March 10, 2023
Ndinga of 21Shares said "that the SVB effect will impact the wider tech scene and VCs, assuming Silicon Valley Bank does not get bailed out by a banking incumbent. A bail-out is a best-case scenario to keep an eye as in fact, 44% of U.S. venture-backed technology and healthcare companies that IPO'ed last year have used SVB."