Business writer on tech's power players: 'Not as smart as they think they are'

Bloomberg Businessweek Columnist Max Chafkin tells "Nightcap's" Jon Sarlin how tech leaders and VCs "behaved in a panicked herd mentality" when SVB started having problems.

Business writer on tech's power players: 'Not as smart as they think they are'

Bloomberg Businessweek Columnist Max Chafkin, author of "The Contrarian": Peter Thiel's Pursuit of Power and Silicon Valley's Pursuit of Power tells Jon Sarlin about how tech leaders and entrepreneurs "behaved like panicked herd mentalities" when SVB began having problems. Watch the complete Nightcap episode.