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  • Venture capitalists 'almost took the whole system down' by having startups stow all their cash at Silicon Valley Bank, says one tech billionaire CEO

    18 days ago - By Business Insider

    Billionaire tech CEO Thomas Siebel said venture capital investors should have prepared startups for the possibility of a collapse like SVB. Courtesy of C3.ai
    Tom Siebel, the billionaire CEO of C3.ai, offered a scathing post-mortem of the Silicon Valley Bank fallout.
    Top VCs like Peter Thiel and Marc Andreessen let startups entrust their finances to a "C minus bank," he said.
    Federal regulators have said they would protect all customers with deposits at Silicon Valley Bank.
    As post-mortems of Silicon Valley Bank's collapse go , billionaire Tom Siebel has a blunt analysis: Top venture...
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  • Billionaire tech CEO says it's 'weird' Meta and Google over-hired and didn't have work for some employees: 'They really were doing nothing'

    18 days ago - By Business Insider

    Billionaire tech CEO Thomas Siebel says it's 'weird' that Meta and Google over-hired and didn't have jobs for them to do. Courtesy of C3.ai
    C3.ai's CEO said Google and Meta over-hired employees and didn't have enough work for them to do.
    Thomas Siebel joked that if you want to work remote "in your pajamas," you should work at Facebook.
    Siebel is one of several executives to express concern about remote work.
    Billionaire tech CEO Thomas Siebel says the "craziness" has finally gone out of the market when it comes to over-hiring at companies like Meta and Google. "This whole thing just has to...
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