Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
All content for Scam Economy is the property of Matt Binder and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)
Scam Economy
1 hour 13 minutes 50 seconds
2 years ago
47: The Fall of Silicon Valley Bank & the Crybaby Tech VCs (w/ Edward Ongweso Jr.)
Edward Ongweso Jr., writer of the Tech Bubble newsletter and co-host of This Machine Kills podcast, joins Scam Economy with Matt Binder to discuss the collapse of the tech industry's favorite financial institution, Silicon Valley Bank. Edward and Matt break down what this means, how it happen, what sparked the bank run by tech founders and VCs, what SVB's investments were, how the bank fell right around the same time two crypto-friendly banks Silvergate and Signature Bank also failed, how the VCs like David Sacks and Jason Calacanis threw a tantrum demanding a government bailout for the tech industry, and more.
Read Edward's piece in Slate, The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank: https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html
Visit ScamEconomy.com
Support the show: http://www.patreon.com/mattbinder
Scam Economy
Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
