Brooks Agnew – The first in a long list of box-checking financial institutions, Silicon Valley Bank (SVB) just went bust in the amount of $212 billion. This is not just any bank. This is where the hottest tech startups in the world borrowed money to get started, and where most of them called home for all their online banking.

Remarkably, 93 percent of the bank’s $161 billion in deposits are not insured by the Federal Deposit Insurance Corporation (FDIC), which only covers accounts up to $250,000. And Roku, to name just one many whales, had $487 million in Silicon Valley Bank. Continue reading →