EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696

Jason reacts to Silicon Valley Bank being shut down by the FDIC and breaks down what this means for founders and VCs. (0:00) Breaking down the SVB situation (4:28) FDIC press release (7:41) What Jason hopes will happen (10:16) Defcon 1 (12:39) Thoughts on emergency funding (15:46) How does the SVB situation affect early-stage fundraising (26:59) SVB sells their securities (29:10) USV email to founders (31:06) SVB CEO addresses the situation (33:07) Bill Ackman’s response (34:31)Mark Suster’s response (35:52) Audience questions FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood