Tyler Doermann

NFX Guild / Podium / BYU

[Tyler Doermann @TylerDoermann]

@brianbolnick

[Tyler Doermann @TylerDoermann]

@brianbolnick They disappeared into the dark blue

[Tyler Doermann @TylerDoermann]

@thogge @garrytan I hope you’re right 🤞 regardless, I think founders/employees need the peace of mind of being able to hit payroll next week and nothing short of quick action (rapid liquidation, acquisition, bailout) will do it.

[Tyler Doermann @TylerDoermann]

@thogge @garrytan Right - meaning depositors may not get everything back without some kind of intervention.

[Tyler Doermann @TylerDoermann]

@thogge @garrytan @theallinpod also mentioned today they’ve heard about deals going around for $0.60 on the dollar for SVB certificates of receivership

[Tyler Doermann @TylerDoermann]

@thogge @garrytan As well as a good amount (10% of their assets I believe) of venture debt.

[Tyler Doermann @TylerDoermann]

@thogge @garrytan Don’t they have a heavy allocation in low interest rate MBS? Which they hadn’t marked down on their books because they weren’t required to until the event of a sale (which hasn’t happened yet).

[Tyler Doermann @TylerDoermann]

@thogge @garrytan The other difficult part here is that if they liquidate, it’ll likely be a fire sale resulting in lower actual value than what’s currently on the books.