4.4 • 1.4K Ratings
🗓️ 14 March 2023
⏱️ 29 minutes
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0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
0:07.0 | It's time for some money rehab. |
0:15.0 | Yesterday I gave you some background on the rise and fall of Silicon Valley Bank. |
0:18.5 | If you haven't checked that out yet, I would say give that a listen next. |
0:22.2 | Today, we're going to give more texture and context to the headlines with two special |
0:26.6 | guests. |
0:27.6 | A type perspective from someone who is still in the trenches dealing with this. |
0:32.0 | Because even though there is some resolution from the FDIC, there are some people who |
0:36.4 | are still very much in the throes of unresolved, unexpected financial conundrum. |
0:42.2 | These people are mostly founders. |
0:43.8 | For example, founders who have all the monies from their recent fundraising round tied up |
0:49.0 | in SVB, or founders who use SVB for their primary bank account to pay out payroll. |
0:55.9 | So today you'll hear from Ashley Mills, co-founder and co-CEO of Obey Fitness. |
1:01.3 | And then next, I wanted to zoom out and give you some broader perspective from someone |
1:04.8 | who has been in the trenches before in similar macro-accommodations. |
1:09.6 | So second, you'll hear from Gary Kaminsky. |
1:11.9 | Gary is a veteran finance guy, formerly the vice chairman of Morgan Stanley Global |
1:16.6 | Wealth Management. |
1:17.6 | He's looked death in the eye during the financial crisis of 2008. |
1:22.0 | He's got a lot of perspective and a lot to say. |
1:24.4 | So let's start with Ashley. |
1:25.7 | Here she is. |
... |
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