https://techcrunch.com/2023/03/10/investor-mark-suster-says-a-handful-of-bad-actors-in-vc-destroyed-silicon-valley-bank/ > Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to strengthen its balance sheet, and startup founders were beginning to fear that their deposits at the tech-friendly, 40-year-old institution were at risk. “More in the VC community need to speak out publicly to quell the panic about @SVB_Financial,” wrote Suster, saying he believed in the bank’s health and arguing that the biggest risk to startups, the VCs to whom the bank has long catered, and to SVB itself would be “mass panic.” > As we know now, Suster was already too late. The industry was nervous, and the bank’s CEO Greg Becker, serenely addressing the bank’s customers in a Zoom call to alleviate their fears, managed to scare them further, telling viewers: “The last thing we need you to do is panic.”