How did this happen? Not surprisingly, a multitude of factors appear to have contributed to the company’s downfall, including its failure to account for rising interest rates venture capital drying up a prevalence of uninsured depositors, who usually ask for their money back when things are looking bad and a lack of regulatory oversight, thanks to one Donald Trump. As you’ve probably heard by now, on Friday, Silicon Valley Bank-a lender to some of the most notable names in the tech world-became the biggest bank to fail since the 2008 financial crisis.
