On a Wednesday morning in March, Rob McMillan, executive vice president and founder of Silicon Valley Bank’s wine division, discussed his State of the Wine Industry report on the last day of the Wine Writers Symposium in Napa. We have been quoting McMillan for years. Two days later, while we were waiting for our plane home at San Francisco airport, the news broke: Silicon Valley Bank, a critical piece of the California wine industry, had collapsed.
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