On the afternoon of Friday, March 10th, Silicon Valley Bank collapsed. The impacts immediately reverberated across the startup and venture capital ecosystem. Funds and founders alike rushed to withdraw capital from the failed bank that once provided so much support and access to those same companies.

One particular Endeavor mentor, Mac Thompson, is a leading expert in banking, economics, and finance. Thompson is currently the Founder and President of White Clay, a pricing and profitability software platform for regional and community banks. He previously led payments for Bank of America and teaches banking courses for the American Banking Association at the Wharton School of Business.

Here is the story of SVB’s demise from Endevor Mentor and banking expert Mac Thompson. Co-hosted by Tim Barr Jr., Endeavor Midwest.

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