Investors in venture funds reveal how they felt VCs handled the Silicon Valley Bank fallout: one was privately frustrated, while another was impressed
, or the largely secretive investors who bankroll venture capitalists and their funds.
But after last week's bank run on Silicon Valley Bank, caused in large part by warnings from several prominent VCs to their portfolio companies to get their money out of the bank, LPs have mixed feelings about how it all went down. "I think what it points out is that VCs, as well as entrepreneurs, didn't know the risks associated with having cash at one bank," said the LP."I think that's going to create changes in operations."
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