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Around the water cooler 🗞️
Silicon Valley Bank Run 🏃
The 2nd and 3rd largest bank failures in US history both happened this month Here's a quick thread on how it got here. Basically, Silicon Valley Bank (SVB), the de facto bank of the startup world, bungled communications trying to reaffirm investors and depositors that it wasn't having a liquidity issue, but it backfired and only spooked them more, sparking a bank run and the second-largest bank collapse in US history. The federal government announced emergency measures to make sure all depositors would be made whole amid fears of further "contagion" and wider macroeconomic ripples.
Why we're following it 💰
SVB's collapse is one more in a string of "once-in-a-lifetime" historical events in recent years. It's sent shockwaves through the startup world and its resolution could have long-standing ramifications for banking and for tech. It's also spurred some, perhaps much-needed, introspection among VC's, the tech industry, and how they're perceived by the public. Your task should you choose to accept it: Stuff your money under a mattress...JUST KIDDING. THIS IS NOT FINANCIAL ADVICE.
Other conversation starters to that the February freeze ❄️
AI tools are on the rise Slack and Discord are the latest to jump into the AI fray and announce ChatGPT integrations that will do things like summarize threads or even talk to coworkers for you. GPT4, the next and more-powerful iteration of OpenAI's ChatGPT, is also on the horizon.
T-Mobile acquires Ryan Reynolds' Mint Mobile for $1.35 billion. In 2020, Reynolds sold Aviation Gin for $610 million. Needless to say, the Deadpool actor has proven to be quite the savvy entrepreneur.
Multiversal comedy, Everything Everywhere All at Once became the most-awarded movie of all time before it swept in all the major categories at the 95th Academy Awards, with 7 awards total, and long-time coming awards for Michelle Yeoh, Ke Huy Quan, and Jamie Lee Curtis.
Succession returns for its fourth and final season on HBO Max.
Academy Award-winning Best Picture & most awarded movie of all-time: Everything Everywhere All at Once
EO: "The movie about a donkey. I sobbed uncontrollably at the end and I'm still not over it and it was 3 weeks ago." - Bri
This brilliant primer on the Vanderpump Rules saga.
Diary of a Song: A video series if you love dorking on song production about modern pop hits.
VICE's documentary on Caroline Calloway, the Instagram "Scammer."
The first trailer for Seth Rogen's upcoming animated take on the Teenage Mutant Ninja Turtles.
This exhaustive list of Things You're Allowed to Do
This essay In Defense of Garlic in a Jar 🧄
Vanity Fair's explainer on Team Selena vs Team Hailey, the Edward vs. Jacob of our time.
An examination of What Conversation Can Do for Us in The New Yorker.
New Miley album just dropped 💐
An intimate performance of Noah Kahan's Orange Juice.
The sweet, soulful refuge that is Adi Oasis 🏝️ - April
"Ok, hear me out. Just finished watching the Willow TV series. Really excellent end credit song selections." - Jake
"When I'm outisde in the sun or an a bike." - Cameron.
When you just can't find the Words - Sandy
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