In what way is VC's getting deals for referring customers even remotely nefarious?
It's the way the entire world works and there's nothing wrong with it in general.
SVB did not collapse because of this, the collapsed because of bad risk management, a lot of money that they could not lend out in low yield bonds they were locked into. It wasn't even that bad.
The VCs decided to shoot themselves in the foot by creating a run on their own banks.
Their hypocrisy is stunning.
But Calacanis talking about getting sweetheart attention is a nothingburger.
It's the way the entire world works and there's nothing wrong with it in general.
SVB did not collapse because of this, the collapsed because of bad risk management, a lot of money that they could not lend out in low yield bonds they were locked into. It wasn't even that bad.
The VCs decided to shoot themselves in the foot by creating a run on their own banks.
Their hypocrisy is stunning.
But Calacanis talking about getting sweetheart attention is a nothingburger.