[notmindthegap]

I’m not blaming depositors. In fact, I think depositors have a right to panic withdraw. They’re making a decision to take business elsewhere, as they should.

That that can cause or accelerate collapse makes me question the entire bank model.

What other model leads to instant death, damage to their entire customer base, and collateral damage to the broader system, when a certain number of customers decide to go elsewhere?

[benchaney]

I wasn't talking about you when I was saying that some people are blaming depositors. Some other commenters are really angry at the VCs that participated in the run. Their anger is understandable, but misplaced in this case IMO.

> What other model leads to instant death, damage to their entire customer base, and collateral damage to the broader system, when a certain number of customers decide to go elsewhere?

None of these things happened because some customers decided to go elsewhere. They were going to happen anyway. SVB was in really terrible shape and was already in the process of collapsing.