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Perhaps I’m an outlier here, but doesn’t this feel a bit exaggerated? I’m not sure why the author (or, for that matter HN in general) feels so strongly about this. In the end, everyone was made whole. VCs acted in the best interest of the companies they back, and SVB made some really poor decisions which caused them to implode. What exactly is the story here?

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Some misguided people thinking tech startups are supposed to care more about maintaining the stability of the banking sector over whether they can pay their employees next week.

Interestingly enough nobody is blaming politicians and/or the Fed for causing all this in the first place. I mean, I get that tech and VC money in particular benefitted hugely from the zero interest rate environment in 2011~2021, but still, I fail to see where the moral obligations come from.

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