Paris Marx is joined by Jacob Silverman to discuss the collapse of Silicon Valley Bank, how it’s part of a larger crisis in the tech sector, and why it’s turning people against the industry’s venture capitalists.

Jacob Silverman is a journalist and the host of The Naked Emperor, a new CBC podcast. Follow Jacob on Twitter at @SilvermanJacob.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

The podcast is produced by Eric Wickham and part of the Harbinger Media Network.

Also mentioned in this episode:

• Jacob wrote about the lessons from the Silicon Valley Bank collapse in the Globe and Mail.


• Paris wrote about how the SVB collapse should be a radicalizing moment against venture capitalists.


• A video circulated about Jason Calacanis bragging about SVB offering him favorable banking services.


• A screenshot shows a founder complaining about Chase closing his bank account because his company doesn’t have a physical office, saying SVB never required one.


• Peter Thiel’s Founders Fund told its portfolio companies to pull their money out of SVB before its collapse.


• SVB’s President pushed for Congress to reduce regulations and oversight on banks like SVB as it grew.

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