This has never happened in any bank run in history
The #SVBCollapse was very unique as far as bank runs go.
Silicon Valley Bank (SVB) was founded in 1983 by a group of entrepreneurs from the burgeoning Silicon Valley in California. The founders of SVB saw a need for a financial institution that could provide services tailored to the needs of the technology, life science, and venture capital industries.
SVB began as a small operation with just two employees, but it quickly grew to become the largest commercial bank focused on technology, life science, and venture capital companies. SVB has since become a major force in the financial services industry, providing venture capital, commercial banking, and international banking services to its clients.
SVB's founders recognized that the technology and life science industries were different from traditional industries, and they developed a bank that could provide the specialized services these industries needed. SVB was the first bank to offer venture capital services to its clients, and it was also the first to offer venture debt financing.
SVB has since become a leader in the venture capital industry, providing financing for startups, late-stage companies, and public companies. It also provides services such as capital raising, mergers and acquisitions, and corporate banking. SVB has offices in the United States, Europe, and Asia, and it continues to be a major player in the venture capital and technology industries.
Today, SVB is a global financial services company that serves over 4,000 clients in more than 30 countries. It has a strong presence in the technology and life science industries, and it continues to be a leader in providing innovative financial services to its clients.