Pilot CEO Says Customers Panicked After SVB Collapse

The video discusses the impact of the SVB crisis on businesses, highlighting the panic and challenges faced by companies, especially in making payroll. It explores the counterparty risk for startups and the importance of diversification. The video also covers how businesses navigated the crisis, the role of accounting firms, and changes in banking practices. It emphasizes the need for financial preparedness and strategic growth amidst such challenges.

What challenges did businesses face in diversifying their banking relationships after the SVB crisis?

How has the sentiment of business owners changed regarding the safety of their banks after the SVB incident?