SVB Races to Prevent Bank Run as Funds Advise Pulling Cash

>Becker held the roughly 10-minute call with investors at about 11:30 a.m. San Francisco time. He asked the bank’s clients, including venture capital investors, to support the bank the way it has supported its customers over the past 40 years, the person said.

The thing is, there is almost zero cost for a startup/vc/tech company to pull money out of the SVB. Sure, you'd have to setup a new bank account and change the account numbers in your systems. It'll give a few finance people a lot of work to do in the next few days. That's it.

But the company risks everything by leaving the money in the bank.

oh snap!