1/7
It's worth adding to these $sivb snippets from @matt_levine and @benthompson – particularly Stratechery's "The End of Silicon Valley (Bank)", which was more nuanced than it sounds:
•bloomberg.com/opinion/articl…
•stratechery.com/2023/the-death…
🧵👇
It's worth adding to these $sivb snippets from @matt_levine and @benthompson – particularly Stratechery's "The End of Silicon Valley (Bank)", which was more nuanced than it sounds:
•bloomberg.com/opinion/articl…
•stratechery.com/2023/the-death…
🧵👇
/2
...RE The End of Silicon Valley 👇
🅰️ I-95 Belt:
One thing that sank Greater Boston's thriving minicomputer/hardware/tech ecosystem was lack of (local) reinvestment – winners cashed-out vs SV VCs/founders continually reinvest time and money #flywheel
vox.com/2014/12/9/1163…
...RE The End of Silicon Valley 👇
🅰️ I-95 Belt:
One thing that sank Greater Boston's thriving minicomputer/hardware/tech ecosystem was lack of (local) reinvestment – winners cashed-out vs SV VCs/founders continually reinvest time and money #flywheel
vox.com/2014/12/9/1163…
/3
...The End of Silicon Valley (cont'd)👇
🅱️ SVB Bank Run:
VCs ran-the-gamut fm posterboys to paperboys to cheerleaders to D-linemen – that the outsized impact of a few snowballed to the many isn't signal of SV's downfall as much as classic panic
...The End of Silicon Valley (cont'd)👇
🅱️ SVB Bank Run:
VCs ran-the-gamut fm posterboys to paperboys to cheerleaders to D-linemen – that the outsized impact of a few snowballed to the many isn't signal of SV's downfall as much as classic panic
https://twitter.com/AnthPB/status/1635087628340178945?s=20$sivb
/4
…the confluence of 🅰️+🅱️ is that Silicon Valley's rebound will determine its future trajectory – seems obvious, but its fate is not yet written:
SV's rise outta this travashamockery can be virtuous or vicious cycle of collective action – a lot like the $sivb snowball itself
…the confluence of 🅰️+🅱️ is that Silicon Valley's rebound will determine its future trajectory – seems obvious, but its fate is not yet written:
SV's rise outta this travashamockery can be virtuous or vicious cycle of collective action – a lot like the $sivb snowball itself
/5
...too many of y'all are treating Silicon Valley's fate as some deterministic thing – like you've travelled through the one-and-only wormhole to SV's one-and-only fate
...but this future is probabilistic – again, "the outsized impact of a few [can snowball] to the many"
...too many of y'all are treating Silicon Valley's fate as some deterministic thing – like you've travelled through the one-and-only wormhole to SV's one-and-only fate
...but this future is probabilistic – again, "the outsized impact of a few [can snowball] to the many"
/6
...Silicon Valley has gotten big, mature, corporate – far more competitive zero sum impulse than last cycle
...but there's still plenty of capital there; question is whether or not last cycle's winners will cash-out like the 95-belt or reinvest like their predecessors
...Silicon Valley has gotten big, mature, corporate – far more competitive zero sum impulse than last cycle
...but there's still plenty of capital there; question is whether or not last cycle's winners will cash-out like the 95-belt or reinvest like their predecessors
🏁/7
...and there's no shortage of capital intensive opportunity that falls into the province of Silicon Valley venture rn – e.g.:
•
•medium.com/adventures-in-…
•medium.com/adventures-in-…
...and there's no shortage of capital intensive opportunity that falls into the province of Silicon Valley venture rn – e.g.:
•
https://twitter.com/AnthPB/status/1215102877938724864?s=20
•medium.com/adventures-in-…
•medium.com/adventures-in-…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
