Special Episode: Silicon Valley Bank Goes Bust

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Business, Careers, Entrepreneurship

4.4 • 5.3K Ratings

🗓️ 11 March 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Silicon Valley Bank collapsed on Friday — the second-largest bank failure in our nation’s history. In today’s special episode, Scott and Ed break down what happened, how it happened, and what might happen next. Scott also addresses government bailouts, the consolidation of banking power, and ends with a word of advice to the thousands of entrepreneurs who will be affected by this failure. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Monso Business Banking. It just works. So you can too. Join businesses like Target
0:05.7	to Wishing by opening a Monso Business account.
0:07.7	What I love about Monso Business account is how easy everything is. It can be filtered,
0:12.8	it can be tagged. We thought we'd have to manage our business around our banks, but that's
0:17.3	not the case for Monso.
0:18.4	My name is Shun. I am the Founder of Target Trition.
0:21.6	Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director
0:26.6	of a limited company, UK Businesses only terms and conditions apply.
0:30.3	At three business we think you should be paying less and getting more. With our Boundless
0:34.7	Business offer, the more sims you buy, the more you save. With up to 20 sims for only
0:39.9	£10 a month each. That means unlimited calls, texts and data for the whole team without
0:45.5	any data caps or limits. That really is more for less. Search three business or visit
0:51.8	us in store.
0:52.8	Unlimited in the UK. £10 when you buy 10 or more sims, 24 month plan,
0:56.5	excludes 20% VAT.
0:58.0	Terms apply. C3.co.uk slash turns.
1:00.5	Today's number 16. Silicon Valley Bank was the 16th largest bank in America and it
1:07.2	collapsed within hours.
1:09.5	Oh my God, a special episode, an episode of Special. Who is here for you when you need
1:28.8	a most who is always there for you? Not me. Not me. The truth is I'm not really concerned
1:34.9	with the condition of your soul. I will not take care of you when you're older. But I am
1:38.9	bored and in a good mood. Chelsea won today. So here we are breaking down a bank's failure
	...

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