https://techcrunch.com/2023/03/14/svb-failure-investor-predictions/

To put it mildly, the meteoric collapse of Silicon Valley Bank has been a historic time of confusion for everyone the startup ecosystem touches. VCs are wringing their hands (or not) over how they can help their portfolio companies; startup founders and CEOs are running about trying their very best to plan for the foreseeable future; and vendors and partners are either helping those affected or asking for reassurances that they’ll be paid or serviced properly.

Maëlle Gavet, CEO of Techstars, vividly describes what things have been like behind the scenes: “It’s been unbelievably intense from Thursday until when the Federal Reserve finally made an announcement saying that deposits were going to be guaranteed. It’s been both for TechStars as an operating company, and for the 3,500 portfolio companies we have. A portion of them were banking with SVB, either exclusively or partially. We had so many concerns. How would we pay employees and honor our bills? How do we make sure that the company survives the next week and then the next month and then the next six months? So, ‘intense’ — that’s the word I would use to describe the experience.”