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 […]
SVB is already the talk of SXSW by Darrell Etherington originally published on TechCrunch
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. […]
Uncertainty stands around multi-billion USDC empire as issuer Circle held reserves at Silicon Valley Bank by Jacquelyn Melinek originally published on TechCrunch
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