Unfortunately, the problems that Silicon Valley Bank had, they're not exclusive to SVE.

You look at this and say, if the entire regional banking ecosystem fails and there's a crisis of confidence that any given regional bank is going to be supported, that's going to not be a good thing for a next

line of regionals, and this could really snowball.

Welcome to The Lost Debate, a show for Politically Ecclectics.

I'm Robbie Gupta, and this is a special Monday episode where we're talking about this crisis

at Silicon Valley Bank and potentially some other banks.

And I have a special guest today, Brad Hargreaves, who is a entrepreneur.

He's the founder and chairman of common, a co-living company that I see

everywhere in New York City. He is also the co-founder of General Assembly, a juggernaut of a for-profit

education company that have some friends who've come out of. They do really amazing stuff.

And he also sits on several boards, loftium play crafting and at the table

brad welcome to the podcast robbie thank you so much for having me excited to be here all right

brad well let's get this out of the way are you a customer of sb i am not i've known them for

quite some time and uh have interacted with them a fair bit. But we at Common Bank with First Republic,

so we have, we do not have any debt from Silicon Valley Bank.

Got it. All right. Well, you caught my attention because you've been tweeting about this,

and you had a really interesting Twitter thread about what to make of this from a few days ago,

and so much has changed since then. But let's turn back the clock to last week when all of this was going down.

For our audience who hasn't been following this closely, just give us the rundown.

Like what happened here last week to precipitate this crisis?

Yeah, so I think you have to look somewhat back in time to understand some of the challenges that Silicon Valley Bank was facing.

But this was really a classic bank run where a number of Silicon Valley Bank's depositors prompted by, in many cases, their venture investors, got sp, that Silicon Valley Bank was not going to have the liquidity

...