Investors in La La Land & Another Reason to Fear the Bank Runs 3/17/23

Tiger Global is reportedly writing down its venture portfolio – marking to market some of those massive unicorn investments it made before the market for tech companies and valuations tumbled. But by and large, private valuations have been able to stay in a land of make-believe, as recent IPOs and SPACs get whacked. And Crowdflare says hacking attempts are on the rise because of, yes, the turmoil at SVB.

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