I get a text like 'get your money out of Silicon Valley Bank.' I'm in the board meeting, we have 100% of our money in there. Two board members are like 'we can't just take all the money out, they've been incredible partners for thirty years.' I said 'how about we take out half so we can make payroll.' I insisted. Literally that night, boom.

And so the key issue now is your business model.

7:42 / 8:27

I get a text, like, get your money out of Silicon Valley Bank. I'm in the board meeting. We're having it's on the docket. Like, the third thing is to talk about Silicon Valley Bank, and we have a 100% of our money in there. Two of the board members are like, we can't just take all the money out of Silicon Valley. They've been incredible partners for thirty years. I said, how about we take out half Mhmm. So we can make payroll. I insisted. Yeah. Literally that night, boom. And so the key issue now is your business model. You need to have revenue, and the revenue from these stablecoins is paying some interest. And the people who are putting their money in there being able to make some interest on their hard earned capital. Yeah? That's the sticking point for you? Yeah. And it's not interest. It's a rewards program. This was carefully negotiated in the Genius Yes. Act.

Why this clip

High-stakes insider story from SVB collapse with dramatic tension. The 'literally that night, boom' creates perfect cliffhanger moment, showing decision-making under extreme pressure.

7:42 - 8:2746sOrigin Story

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What they said next

There's a lot of misperceptions about AI right now. It seems like there's some dark PR forces at work trying to make the data center build out seem worse than it is. The water is not damaged, it's just moving heat through a closed loop system.

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