Mac Thompson — Examining Silicon Valley Bank's Collapse

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The Multiplier Effect

Endeavor

110 episodes

6 days ago

You’re listening to The Multiplier Effect: an Endeavor Podcast production. Each week you’ll get a thirty-minute dose of entrepreneurial inspiration from authors, influencers, investors, and Endeavor Entrepreneurs, themselves. Successful high-impact entrepreneurs generate a multiplier effect: Young people everywhere, regardless of birthplace or background, hear their stories and begin to believe that they too can dream big, scale up, and pay their success forward. Endeavor’s ultimate aim is a more equitable and prosperous future for everyone.

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Mac Thompson — Examining Silicon Valley Bank's Collapse

The Multiplier Effect

22 minutes 41 seconds

2 years ago

Mac Thompson — Examining Silicon Valley Bank's Collapse

On the afternoon of Friday, March 10th, Silicon Valley Bank collapsed. The impacts immediately reverberated across the startup and venture capital ecosystem. Funds and founders alike rushed to withdraw capital from the failed bank that once provided so much support and access to those same companies.

One particular Endeavor mentor, Mac Thompson, is a leading expert in banking, economics, and finance. Thompson is currently the Founder and President of White Clay, a pricing and profitability software platform for regional and community banks. He previously led payments for Bank of America and teaches banking courses for the American Banking Association at the Wharton School of Business.

Here is the story of SVB’s demise from Endevor Mentor and banking expert Mac Thompson. Co-hosted by Tim Barr Jr., Endeavor Midwest.