The End of Silicon Valley (Bank) – Stratechery by Ben Thompson
Silicon Valley Bank bears responsibility for its demise, but it symbolizes a Silicon Valley reality that is very different from the myth — and the ultimate cause is tech itself.
The End of Silicon Valley (Bank) – Stratechery by Ben Thompson Skip to content The End of Silicon Valley (Bank) Monday, March 13, 2023 Banks are, at their core, facilitators: depositors lend their money to a bank, for which they are paid interest, and banks lend that money out, again for interest. A bank is profitable if the interest rate they charge for loans is greater than the interest rate they pay to depositors. Banks achieve this by leveraging time: depositors earn a lower interest rate in exchange for being able to withdraw their money at any time; loans earn higher interest rates
related reading
- The Demise of Silicon Valley Banknetinterest.co
- Lessons from Silicon Valley Bankoaktreecapital.com
- Silicon Valley Bank’s failure, the government’s depositor rescue, and venture capitalists’ incredible tantrum.slate.com
- Stratechery by Ben Thompson – On the business, strategy, and impact of technology.stratechery.com
- How Jerome Powell Killed Silicon Valley Bankforbes.com
- The banking crisis, two years latercomplexsystemspodcast.com
- How Silicon Valley Broke the Economy | The Nationthenation.com
- Confidence Mensomeunpleasant.substack.com
- Banking in very uncertain timesbitsaboutmoney.com
- Narratives – Stratechery by Ben Thompsonstratechery.com
- The Four Horsemen of the Tech Recession – Stratechery by Ben Thompsonstratechery.com
- The Four Horsemen of the Tech Recession – Stratechery by Ben Thompsonstratechery.com