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Yeah, but you're pulling that 50% number from thin air. How many companies do you think actually have 50% of their customers banked by SVB?

SVB had ~$200b in total assets, less than 1% of the total assets in banks across the U.S. alone.

There are definitely going to be indirect effects, but HN and other voices in early-stage tech are predisposed to overestimate the impact on the broader economy.

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The article gave two numbers I didn't know about, and both came as a surprise:

> As at the end of 2022, it had 37,466 deposit customers, each holding in excess of $250,000 per account -- and -- The bank does have another 106,420 customers whose accounts are fully insured but they only control $4.8 billion of deposits

So SVB had only about ~150k banking customers. And of those, less than 40k are actually affected by this debacle. But those were concentrated enough to make SVB the 20th largest bank in the US.

Puts things in perspective.

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