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Marketing School - Digital Marketing and Online Marketing Tips

How SVB's Downfall Was Caused By Marketing

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 13 March 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

This is a quick reaction video. Links Mentioned in Today’s Episode: Don’t forget to help us grow by subscribing and liking on YouTube! Leave Some Feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with Us:  Single Grain << Eric's ad agency NP Digital << Neil's ad agency Twitter @neilpatel  Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

All right, so we're going to talk about how the S. V.

0:04.4

Downfall, the Silicon Valley Bank Downfall, was actually caused by marketing in a

0:10.0

sense. And so most of you might say, oh, you know this already it's PR but the reality is it actually

0:16.0

goes a little deeper so if those are you that are watching on YouTube you should

0:19.7

subscribe to us on YouTube but I'm actually going to share my screen over here. So let's go

0:24.3

ahead and share my screen and let's move over to this one over here. Okay great.

0:29.2

So those either that can see my screen, Neil can also see my screen as well right now.

0:34.0

But this guy, Evan Armstrong tweets, it's kind of insane that this entire debacle was

0:38.0

potentially caused by Bryn Hobart's newsletter.

0:41.3

Here's how the butterfly effect happened. Number one, Bryn post this

0:45.1

article slash tweet calling out S. V. B.'s risk. Number two, pretty much

0:49.2

every VC I know reads this newsletter. Number three, they all start to pay very, very close attention to

0:54.6

S. V.'s earnings. Number four, absolutely earnings missed by S. V. B. Peter Teal,

1:00.3

U.S. V. S. V. V. S. V. S. V. S. V. S. V. V. C. Funds are first to send out messages, mass emails to

1:07.1

portfolio codes to pull out funds. I think one of them is also PE2. Number six,

1:11.4

tech Twitter catches World of this.

1:13.0

Then you have the bank run, then you have a collapse.

1:15.5

And number nine, which is where we're at right now,

1:17.5

as of this recording, if FDIC and buyer doesn't come in in the next seven days,

1:21.5

potential 20% plus collapse of entire startup

1:24.5

industry, all started by one overly prolific dude in Austin.

1:28.3

Amazing.

...

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