Equity

SVB, SBF and (more) OpenAI: The 2023 chronicles, pt. 2

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Sinopsis

This is the second of a two-part series looking back at 2023. Mary Ann and Alex called on two colleagues to help us chat through some of the year’s biggest events. Here’s what we got into!The decline, fall of SVB: It’s a bit hard to believe, but the chaos at Silicon Valley Bank happened earlier this year. Yes, much has happened since, but the sudden, and shocking collapse of what was effectively the family bank of tech sent waves throughout the global technology landscape. Venture was impacted. Public companies were impacted, and some startups actually got a boost!Chaos at OpenAI: Another weekend-powered period of high-drama in tech this year was the defenstration of Sam Altman from his role at OpenAI, only for the tide to entirely flip in short order, Altman back the co, and most of the folks who wanted him out gone themselves. This one is still developing, so we had Devin Coldewey on to help us understand what is coming next.SBF’s trial: It was long. It was tedious. It was occasionally very interesting. But