Jason reacts to Silicon Valley Bank being shut down by the FDIC and breaks down what this means for founders and VCs.

(0:00) Breaking down the SVB situation

(4:28) FDIC press release

(7:41) What Jason hopes will happen

(10:16) Defcon 1

(12:39) Thoughts on emergency funding

(15:46) How does the SVB situation affect early-stage fundraising

(26:59) SVB sells their securities

(29:10) USV email to founders

(31:06) SVB CEO addresses the situation

(33:07) Bill Ackman’s response

(34:31)Mark Suster’s response

(35:52) Audience questions

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