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Fortune

Nicholas Gordon

EXPLAINED: Bill ackman thinks the government should consider svb bailout | Rare Historical Photos

Bill Ackman SVB Silicon Valley Bank Bear Stearns JPMorgan Pershing Square Capital Management Garry Tan Economy Feds Fortune

Bill Ackman, CEO and founder of Pershing Square Capital Management in 2017. (Credit: Patrick T. Fallon—Bloomberg via Getty Images)

It’s looking like 2008 for some investors in the private markets.

Venture investors and tech founders are in “sheer panic” after Silicon Valley Bank, a prolific lender and important banking institution for the sector, said that it was taking steps, including a share sale, to cover large losses on its balance sheet.

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