Quote Of The Day, March 14, 2023

In this new oligarch-dominated Silicon Valley, there is less need for a unique bank like SVB because the entire eco-system that the bank depended on has diminished. It’s likely that the big financial institutions will now step in and pick off the strongest candidates in the start-up litter, generally those who can eventually be hived off to one of the giants.

– Joel Kotkin

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