Priyanka Kumar

building something new | prev @roughdraftvc and econ + cs @harvard | founder @harvardcap Innovation Fund | from one (ad)venture to the next

[Priyanka Kumar @theprikumar]

Come hang out with @roughdraftvc if you’re in NYC! https://t.co/zhpcOgmHj3

[Priyanka Kumar @theprikumar]

What do y’all use to keep track of your fav restaurants or ones you want to try?

[Priyanka Kumar @theprikumar]

my instagram friends and twitter friends are two totally different audiences tho so idk how this is gonna work

[Priyanka Kumar @theprikumar]

If any of you know anyone looking for roommates around Murray Hill/Kips Bay/Midtown starting around July or August lmk!

Also if you have suggestions or wisdom to impart about finding apartments in NYC, I’d love to hear it!

[Priyanka Kumar @theprikumar]

@itsandrewgao Start with a dream journal and then use the red scooter method - worked for me in 3rd grade after a bout of bad nightmares and I’ve been able to control my dreams since

[Priyanka Kumar @theprikumar]

@nikitabier In case any of you forgot - the run on the Money Market Mutual Funds market when MBS and Lehman went belly up was a major trigger for 2008

[Priyanka Kumar @theprikumar]

@thechangj And the financial aid so you can graduate without loans

[Priyanka Kumar @theprikumar]

@caitlinner Wish I could have enjoyed it when classes weren’t online 😭😭

[Priyanka Kumar @theprikumar]

@alexrkonrad @lowercarbon @sacca @Forbes @Techmeme @ForbesTech @claydumas Worried about the long term as it could takes months to get money freed up from the asset sale in the bankruptcy

[Priyanka Kumar @theprikumar]

@itsandrewgao Better than all the student activity money that gets spent on buying club Patagonias

[Priyanka Kumar @theprikumar]

@michaelsikand *waiting for the vc lobbyists to come out in full force*

[Priyanka Kumar @theprikumar]

@Suhail The 2008 parallels are so eerie

[Priyanka Kumar @theprikumar]

@andrew__rea these issues will be particularly bad for regional banks in CA who are feeling the effects from the tech sector, making them be the first to falter as opposed to bad underlying assets with MBS in 2008

[Priyanka Kumar @theprikumar]

@andrew__rea Most of it was just unrealized losses on their bonds and MBS - if they had held to maturity the assets would not be toxic. But they had to sell at a loss because of pressures from a lack of deposits leading to a liquidity crisis.

[Priyanka Kumar @theprikumar]

I'll be talking more about when the gov has historically stepped in and helped out and the parallels to 2008 in future threads so stay tuned.

[Priyanka Kumar @theprikumar]

Here's why SVB and Silvergate Capital have a broader impact on the economy. These are the important implications in understanding how their collapse hurts every bank in the banking sector:

[Priyanka Kumar @theprikumar]

Here's how inflation and dried-up VC funding led to the collapse of SVB. A timeline going back to 2020:

[Priyanka Kumar @theprikumar]

I urge everyone to pay attention to smaller, regional banks esp. in CA like First Republic which sank more than 16.5% after recent events, hitting the lowest level since Oct 2020. These will be the next telltale signs of where the banking sector could face pressure and collapse.