Courtesy of C3.ai
- Tom Siebel, the billionaire CEO of C3.ai, offered a scathing post-mortem of the Silicon Valley Bank fallout.
- Top VCs like Peter Thiel and Marc Andreessen let startups entrust their finances to a "C minus bank," he said.
- Federal regulators have said they would protect all customers with deposits at Silicon Valley Bank.
As post-mortems of Silicon Valley Bank's collapse go, billionaire Tom Siebel has a blunt analysis: Top venture capitalists should have seen it coming and prepared their portfolio companies, he told Insider.