The dust has yet to settle in the largest bank run in U.S. history, a collapse that in just 48 hours dismantled the tech startup-focused Silicon Valley Bank. But already a debate is raging in the venture capital community and investors are picking sides. On Friday, a group of more than two dozen venture capital…
On Friday, I wrote about how Silicon Valley Bank has been closed by regulators, which are now in charge of the bank’s deposits. The bank is set to reopen Monday, which means we — and I mean that in the most collective sense — are in for a weekend of pause, fear and further questions.…
As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the US had reached the shores of the UK and Europe. Yesterday afternoon, the Bank of England sought a court order to place Silicon Valley Bank UK Limited — the UK arm of the US institution —…
The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out…
Silicon Valley Bank was synonymous with venture debt to many but even if credit is harder to find, startups still have options. What does the collapse of SVB mean for venture debt? by Rebecca Szkutak originally published on TechCrunch
The ripple effect of SVB’s downfall is reverberating throughout the tech sector. How founders are reacting to Silicon Valley Bank’s collapse by Natasha Mascarenhas originally published on TechCrunch
Austin’s annual SXSW music, arts and tech festival just officially kicked off today, and it’s already clear that there’s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB) and its repercussions. I arrived on the ground this morning, and overheard people talking about it on…
While the startup world digests the shocking implosion of well-known financial institution Silicon Valley Bank, the fallout may extend to the crypto world as well. One stablecoin in particular, USDC, was known as of Jan. 17 to have held some of its backing capital at SVB, funds that are likely now illiquid for several days.…
Things are tough right now. With their funds locked up, many startups won’t be able to make full payroll for a two-week period on $250,000. With SVB locked up, how are startups going to pay for stuff? by Alex Wilhelm originally published on TechCrunch
Sometimes, leaving stealth isn’t your own choice: It’s a force function of two of your largest competitors evaporating from the business, and the third triggering clients so much that there’s a talk of a bank run. At least that’s the case for Series CEO Brexton Pham, who has been building a full-stack enterprise platform for…
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