<p class="ingestion featured-caption">Silicon Valley Bank was shut down by federal regulators Friday.Getty Images</p><ul class="summary-list"><li>Silicon Valley Bank's implosion has left many reeling, but internet memes are thriving.</li><li>It was shut down Friday by federal regulators and is now being mercilessly mocked by some.</li></ul><p>The <a href="https://www.businessinsider.com/how-silicon-valley-bank-imploded-2023-3?_gl=1*h8twwe*_ga*MTYzMDcyODE3MC4xNjY2MDAyMjU0*_ga_E21CV80ZCZ*MTY3ODUyMjQ5OS41OTAuMS4xNjc4NTI0NTI5LjAuMC4w">implosion</a> of Silicon Valley Bank may be frightening for tech investors, but it's been a field day for internet memes. </p><p>On Friday, Silicon Valley Bank <a href="https://www.businessinsider.com/silicon-valley-bank-svb-particularly-scary-bank-failure-why-2023-3">was shut down</a> and taken under the control of the Federal Deposit Insurance Corporation, or <a href="https://www.businessinsider.com/personal-finance/fdic">FDIC</a>. </p><p>It's the <a href="https://www.businessinsider.com/silicon-valley-bank-svb-biggest-bank-failure-since-2008-crisis-2023-3">second-largest bank collapse</a> in US history and the <a href="https://www.businessinsider.com/silicon-valley-bank-svb-biggest-bank-failure-since-2008-crisis-2023-3">largest</a> since the 2008 financial crisis.</p><p><a href="https://www.businessinsider.com/personal-finance/is-money-safe-in-bank-during-recession">Regulations</a> have changed significantly since the Great Depression to offer greater protection to consumers. Even during a recession, you can keep up to $250,000 in an individual bank account and it'll be protected by <a href="https://www.businessinsider.com/personal-finance/what-is-fdic-insurance" rel>FDIC insurance</a>. </p><p>This generally prevents bank runs, where people get worried about their money and try to withdraw all their cash simultaneously. But Silicon Valley Bank's situation was quite different.</p><p>Many of its customers were startups, venture capital firms and tech founders, who likely held more than $250,000 in their accounts, so <a href="https://www.businessinsider.com/personal-finance/what-is-fdic-insurance" rel>FDIC insurance</a> wasn't enough to calm a panic. SVB's implosion has <a href="https://www.businessinsider.com/how-silicon-valley-bank-imploded-2023-3?_gl=1*h8twwe*_ga*MTYzMDcyODE3MC4xNjY2MDAyMjU0*_ga_E21CV80ZCZ*MTY3ODUyMjQ5OS41OTAuMS4xNjc4NTI0NTI5LjAuMC4w">sent shockwaves</a> through the tech industry and left startup founders <a href="https://www.businessinsider.com/startups-silicon-valley-bank-worried-wont-pay-employees-next-week-2023-3?_gl=1*6tu9gs*_ga*MTYzMDcyODE3MC4xNjY2MDAyMjU0*_ga_E21CV80ZCZ*MTY3ODUyNjc5Mi41OTEuMS4xNjc4NTI2Nzk1LjAuMC4w">scrambling</a> to find emergency loans.</p><p>Some people – perhaps those not affected by the situation – are seeing the funny side. Take a look at some of the memes produced at Silicon Valley Bank's expense.</p>