tldr: that $60M series C was actually 37M + 23M venture debt from SVB who called the loan! (That is not a rugpull, that is exactly what the venture debt contract prescribes for this exact situation)
Top tweet reply is Matt Levine’s take (edit: wrong matt levine)
Additionally, fmr SVB employee replies: "SVB Canada’s loans were sold to National Bank who has some tech lending chops but no where close to SVB nor the flexibility."
Top tweet reply is Matt Levine’s take (edit: wrong matt levine)
Additionally, fmr SVB employee replies: "SVB Canada’s loans were sold to National Bank who has some tech lending chops but no where close to SVB nor the flexibility."