I wonder how many startups would have predicted "bank failure" as their root cause of failure. The problem is not the fragility of each individual startup, which everyone knows. The real issue is that one singular bank failure could tip so many over at the same time. Part of the issue is Silicon Valley-centric CEOs following guidance of Silicon Valley-centric VCs, who no surprise, recommend SVB. A little independent thinking goes a long way to make your fragile startup a bit less fragile. All these startups would have had to do is hedge their bets a bit and not go all-in with Silicon Valley and their already fragile startups wouldn't have been made that much more fragile.

Besides, I'm talking about the fragility of the ecosystem, not just individual startups. While everyone knows each startup is just a flash in the pan, here one day, very likely gone the next, the same was not said about a whole ecosystem. Silicon valley as a whole seemed remarkably stable until recently.