As the SVB dust begins to settle, what’s ahead for startups, VCs, and the banking industry?
https://techcrunch.com/2023/03/13/as-the-svb-dust-begins-to-settle-whats-ahead-for-startups-vcs-and-the-banking-industry/
The public and private markets are busy digesting a frenetic weekend kicked off by the failure of Silicon Valley Bank late last week.
After a run on SVB, an institution where a great many venture capitalists and startups stored their cash, the bank was taken over by the U.S. government after depositors raced to get their capital from the institution.
As the SVB dust begins to settle, what’s ahead for startups, VCs, and the banking industry?
Mar 13, 2023, 3:18pm UTC
https://techcrunch.com/2023/03/13/as-the-svb-dust-begins-to-settle-whats-ahead-for-startups-vcs-and-the-banking-industry/
> The public and private markets are busy digesting a frenetic weekend kicked off by the failure of Silicon Valley Bank late last week.
> After a run on SVB, an institution where a great many venture capitalists and startups stored their cash, the bank was taken over by the U.S. government after depositors raced to get their capital from the institution.