Venture capitalist points to 'silver lining' in SVB collapse
While Das acknowledges that the cost of capital will go way up in the aftermath of the SVB fallout just like in those past crises, he believes the U.S. economy and the tech industry will be strong enough to handle the current banking chaos, too.. "So that's the silver lining. There's going to be short term pain, but long term I think it's good for the ecosystem."
He said some of his CEOs have asked him why he is taking such a positive outlook on the situation, when so many could not sleep the entire weekend following the SVB collapse as they feared for their businesses. "But overall, they're going to make decisions that are more appropriate" moving forward, Das said. "Because people are already deciding or figuring out, 'Hey, I'm not going to have this debt available for me. What do I need to make my business go and keep going?'"
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