A thought on the SVB failure
In the U.S., Michael Brown, a venture partner at Shield Capital and former head of the Defense Department’s Defense Innovation Unit, told Marcus Weisgerber and Patrick Tucker of Defense One that the collapse of Silicon Valley Bank had the potential to be a big problem for national security, since a number of the affected start-ups were working on projects for the defense sector. “If you want to kind of knock out the seed corn for the next decade or two of innovative tech, much of which we need for the competition with China, [collapsing SVB] would have been a very effective blow. [Chinese President Xi Jinping and Russian President Vladimir Putin] would have been cheering to see so many companies fail.”
"A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
"Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
“You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis
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