Everyone Hates VCs After the SVB Collapse w/ Jacob Silverman

Paris Marx is joined by Jacob Silverman to discuss the collapse of Silicon Valley Bank, how it’s part of a larger crisis in the tech sector, and why it’s turning people against the industry’s venture capitalists.

Jacob Silverman is a journalist and the host of The Naked Emperor, a new CBC podcast. Follow Jacob on Twitter at @SilvermanJacob.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

The podcast is produced by Eric Wickham and part of the Harbinger Media Network.

Also mentioned in this episode:

• Jacob wrote about the lessons • from the Silicon Valley Bank collapse in the Globe and Mail • . • Paris wrote about how the SVB collapse should be a radicalizing moment • against venture capitalists. • A video • circulated about Jason Calacanis bragging about SVB offering him favorable banking services. • A screenshot • shows a founder complaining about Chase closing his bank account because his company doesn’t have a physical office, saying SVB never required one. • Peter Thiel’s Founders Fund told its portfolio companies • to pull their money out of SVB before its collapse. • SVB’s President pushed • for Congress to reduce regulations and oversight on banks like SVB as it grew.

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