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
The investor called on Congress to act more decisively to save SVB after it was taken over by regulators on Friday.
Y Combinator calls on Congress to act on SVB collapse by Natasha Mascarenhas originally published on TechCrunch
Brex CEO Henrique Dubugras is currently working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line that he believes will help startup customers impacted by Silicon Valley Bank’s collapse be able to make payroll next week. Dubugras declined to comment on how much capital has been committed […]
Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans by Natasha Mascarenhas originally published on TechCrunch
The dust has yet to settle in the largest bank run in U.S. history, a collapse that in just 48 hours dismantled the tech startup-focused Silicon Valley Bank. But already a debate is raging in the venture capital community and investors are picking sides. On Friday, a group of more than two dozen venture capital […]
VCs are declaring their allegiances in the wake of SVB’s collapse by Kirsten Korosec originally published on TechCrunch
Happy Friday, folks. It’s Kyle again, Greg’s stand-in for Week in Review. (He’ll be back in a few weeks’ time, not to worry.) If you’re a WiR newbie, it’s the newsletter where we recap the past five days in tech news. I might be biased, but I’d say it’s the best way for the busy […]
Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise by Kyle Wiggers originally published on TechCrunch
Founders and venture capitalists aren’t the only ones experiencing volatility right now: Silicon Valley Bank employees are seeing their jobs in flux as their employer falls apart. SVB, which was closed down yesterday, is now being run by regulators. And while employees are no longer employed by the bank, they got an e-mail from “the […]
Regulators are requesting SVB employees to stay on for the next 45 days by Natasha Mascarenhas originally published on TechCrunch
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Writer’s note: We’re breaking from our usual formatting this week because there was a once-in-a-generation collapse of one of the biggest banks in the country. […]
OK, what is going on with SVB? by Natasha Mascarenhas 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
Enterprise cloud spend is holding up well, but large companies are looking into vendor consolidation. This makes cloud marketplaces an increasingly relevant sales channel for B2B startups.
On cloud marketplaces, nobody knows you’re a startup by Anna Heim originally published on TechCrunch