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Are You a Business Leader in Denial? Gray Rhino with Michele Wucker
Silicon Valley Bank; what was said to be the epicenter of Silicon Valley tech and small businesses collapsed on March 10th after a run on the deposits doomed the banks plans to raise fresh capital.
At first, there was major concern that this crash will take the VC and startup ecosystem with it, but the gov swooped in and provided a backstop, and scraps of SVB was purchased by First Citizens Bank.
Catastrophe averted? Not quite.
Today’s episode is by no means a full breakdown of what happened, but answers this one question:
“Was this truly a Black Swan event as Nassim Taleb explains it or really, a Gray Rhino, as Best-Selling Author, my friend Michele Wucker writes?