over the weekend, writing letters and signing petitions to Congress, but they weren’t able to avert the collapse.
The fact that California’s brightest technical and financial minds didn’t see the trouble coming — let alone stop it — wasn’t lost on many observers and, in fact, the bank’s CEO Greg Becker had“Our society desperately needs to allow irresponsible, arrogant VCs and techbros to experience genuinely painful consequences for their failures,” Faine Greenwood, a data scientist and drone researcher,“There are certain voices on social media that are loud and shrill and they don’t speak for tech,” Om...
It’s not clear the extent to which investors and other tech influencers caused the crisis, but by Friday morning, a number of them were advising companies in their portfolioTo some, it was an indictment of the whole culture of Silicon Valley, the geographic region that’s roughly centered on the southwestern shore of San Francisco Bay.
“Imagine if all these VCs had all been in one room,” he said in an interview on the sidelines of South by Southwest, the Austin, Texas, tech conference, as the crisis unfolded.
Wow more government control… Everything happening today is following everything that happened in Germany immediately prior to being temporarily renamed Nazi Germany anyone else seeing’s this very disturbing pattern ?
Do a story on the crash of '29.
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