2023-12-06
Crazy juxtaposition for headlines on OpenView Ventures. Entrepreneurship is hard. [image]
The Information
Source: VC firm OpenView laid off most of its staff and does not plan to make new investments, after several partners recently left the firm
OpenView Venture Partners is a VC firm which raised $2.4 billion and is now shutting down because they don't think they can generate returns for their LPs. … X: @saranormous : Dram...
2023-03-13
I hope this isn't true but I've heard from a few places that several cross over funds shorted SVB then started the panic/told their portcos and other VCs to pull $ from the bank.
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
I hope this isn't true but I've heard from a few places that several cross over funds shorted SVB then started the panic/told their portcos and other VCs to pull $ from the bank.
Financial Times
Having perfected the art of using hype to move markets, VCs managed to hype their own rumors to collapse SVB, accidentally slaying a much loved accomplice
After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.