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2023-03-17 14:57:59

th_s4m0ht on Nostr: About SVB chapter 11, do you know if that means stock from its startup clients have ...

About SVB chapter 11, do you know if that means stock from its startup clients have to marked to market?

If I remember right they gave some credit lines to clients with startup stock as collateral. This was not the reason why they blew out, but if those stocks touch any form of rational market, that will blow out a couple of VC funds for sure

Imagine explaining in a liquidation process that a company with no revenues and no product has xxx millions evaluation lol

LPs will be pissed for sure
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