What began with the collapse of Silicon Valley Bank (SVB)?

For the blissfully unaware, the tech sector has just gone through a collective period of trauma..

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that began with the collapse of Silicon Valley Bank (SVB).

As I type this at 7 a.m. EST, shares of First Republic Bank, a regional bank closely affiliated with the tech sector,

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Arrow

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are down 66.6% in premarket trading, so we may not be out of the woods yet.

The magical thing about secrets as a business strategy is that

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what counts as a secret is not just things that are whispered in the back of smoky rooms.

Or as Peter Thiel describes it, 

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“A secret is an important truth about the world that other people don’t realize.” 

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