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Silicon Valley Bank, one of the most prominent lenders and banks in the private market ecosystem, went belly up on Friday forcing the Federal Deposit Insurance Corporation (FDIC) to take over. The dramatic ending to the backbone of the Silicon Valley startup ecosystem just before SXSW’s weekend festivities kicked off is likely going to lead to a shortage of martinis in the city. If you’re not plugged into this world or weren’t cognizant in 2008, you might be wondering why this particular bank bursting into flames matters. NEWSWORTHYNo more "bonuses" for Reels creators. That is why gov’t intervention should be considered.”—Billionaire hedge fund investor Bill Ackman, tweeting about his hopes for Silicon Valley Bank to get bailed out.