SVB Implosion Summed Up

Here is a good explanation of what happened to one of the most widely used financial institutions across the tech industry.

If your payroll is run by Rippling for example, SVB powered their payments transactions. You might not be paid on time because some VCs got conspicuous and told everyone to pull their deposits. 

As they say, the first move in Jenga sets the tone for the game, and the VCs pulled the bottom right piece to start.