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How Did Silicon Valley Bank’s Management Team Get It So Wrong?

By: Gravy Smith

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Silicon Valley Bank was a center of gravity in the tech industry. Its bankers understood technology and were eager to support unproven companies.

They gave advice to executives and made personal loans to them, helping them splurge on homes and vineyards. The bankers hosted poker games, cooking classes, boat parties and mixers that brought together entrepreneurs and investors.

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