While I hope for the best for companies banking with SVB, it’s important for founders and CEOs to plan for the worst. This will be the weekend that differentiates a good entrepreneur from a bad one.
A 10-step playbook for founders with Silicon Valley Bank accounts by Walter Thompson originally published on TechCrunch
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2% to $167 billion, according to data.ai’s “State of […]
This Week in Apps: TikTok-style feeds come to Spotify and Reddit; Meta’s Fediverse plans by Sarah Perez originally published on TechCrunch
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 — […]
SVB contagion: UK arm shuts down, government scrambles and startups brace for the worst by Mike Butcher originally published on TechCrunch
“We’re really only beginning to see the ripple effects in the private markets of the 72% drop in valuations we saw in the public markets.”
For fintechs in 2022, the bigger the exit, the larger the decline in value by Mary Ann Azevedo originally published on TechCrunch
Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental toll: It’s turning to Running Tide to […]
Microsoft bets on algae to mitigate its growing carbon footprint by Harri Weber 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 […]
For startup competition, SVB’s nightmare is a win and a dare by Natasha Mascarenhas originally published on TechCrunch
Secure messaging apps are lining up to opposite measures in the UK government’s Online Safety Bill (OSB) they argue will do the opposite of promoting online safety by undermining the robust encryption web users rely upon to safeguard their communications. Meta-owned WhatsApp, the not-for-profit Signal Foundation behind the Signal app, Element, which operates the decentalized […]
Secure messaging apps line up to warn UK’s Online Safety Bill risks web security by Natasha Lomas originally published on TechCrunch
The U.S. government is not seeking to “decouple” from China, nor is it seeking “technological decoupling,” but Washington “would like to see India achieve its aspirations to play a larger role in the electronics supply chain,” U.S. Commerce Secretary Gina Raimondo said on Friday. On its part, the U.S. signed a memorandum of understanding with […]
US strengthens tech ties with India but doesn’t seek decoupling from China, Raimondo says by Manish Singh originally published on TechCrunch
It’s come down to this, startup fans. Today’s the last day to beat the buzzer and claim the biggest discount on passes to TechCrunch Disrupt 2023, taking place September 19–21. Here’s a simple question: What the heck are you waiting for? TechCrunch Disrupt 2023: Save now — go later Buy one of these passes — […]
It’s the last day to save $1,000 on passes to Disrupt 2023 by Lauren Simonds originally published on TechCrunch
Silicon Valley Bank Financial, the holding firm of Silicon Valley Bank, is in talks to sell itself, according to CNBC, the latest turn for the technology-focused lender as it grapples with rising interest rates as many of its customers scramble to get their money out. Shares of Silicon Valley Bank Financial fell 60% Thursday, causing […]
Silicon Valley Bank Financial in talks to sell itself, report says by Manish Singh originally published on TechCrunch