The news of the week is, of course, the failure and takeover of Silicon Valley Bank by regulators. Years ago, when I talked about the widespread mess in the venture capital world, almost nobody paid attention. Now with a run on this bank, folks are mindful of some of the things we said [power comes at a price]. I suggest you read this commentary where Fed’s insanely high interest rate increases is to blame for this mess.
Power is egregiously concentrated in the hands of a few, and that’s never going to change.
Time is favoring the wicked. It’s the way of the world.