No, I don’t have any direct exposure to @SVB_Financial nor does Pershing Square. I am personally an investor in some of the less well known, mostly seed stage venture and biotech funds and some early stage startups which may have some exposure to SVB. Collectively, my venture exposure is less than 10% of my assets.
If Russia wanted to destroy or materially impair 65k of our most promising new technology and biotech companies, there is no better method than a cyber attack that blows up @SVB_Financial with the @FDICgov not guaranteeing deposits. The irony is that we did it to ourselves.
Is just me or does anyone else think @BillAckman and David Sacks were laundering money for the Russians, Arabs, and other bad folks at Silicon Valley bank and that's why they are really upset.
I bet lot of those "tech companies" were money laundering entities