Rafael Henrique/SOPA Images/LightRocket via Getty Images
- Twitter exploded on Thursday afternoon with concerns about storied institution Silicon Valley Bank.
- Some investors are imploring their startups to pull their money out of the bank.
- SVB CEO Gregory Becker told clients on a Thursday call to stay calm.
By Thursday afternoon, the tweets started rolling in. Silicon Valley is losing faith in its go-to bank SVB Financial.
"OK i am hearing from dozens of founders about what to do at SVB. It's an all out bank run," founder Howard Lerman wrote.
"Every company I know is scrambling to get their cash balances under 250k and the rest of cash off-platform or into big bank funds ASAP," tweeted founder Alex Miller.