Startups and venture investors voice relief at federal decision to protect Silicon Valley Bank depositors, but see need for new banking practices
Silicon Valley Bank built up a formidable network in Silicon Valley over its 40 years in business.
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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
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Silicon Valley Bank failure could wipe out 'a whole generation of startups'The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.
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Investors, Startups Work to Find Cash Lifelines After Silicon Valley Bank CollapseVenture funds are extending short-term loans amid a cash crunch. Meanwhile, some founders plan to use personal funds to cover payrolls.
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'A seismic shock': Experts say tech startups face ruin over Silicon Valley Bank collapseSilicon Valley Bank has been funding Silicon Valley innovation for decades. With a total valuation of more than $200 billion, the bank collapsed on Friday after running out of money from huge losses in its bond portfolio and with venture capital drying up.
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What the Silicon Valley Bank failure means for Utah startups, according to a VC partnerFriday’s collapse of Silicon Valley Bank — the 16th-largest bank in the nation — has left tech companies scrambling for answers ahead of business on Monday, including many Utah-based startups.
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