It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be rescued by another, even bigger bank or else risk going down in flames in a single day. We don’t […]
Silicon Valley Bank shoots self in foot by Connie Loizos originally published on TechCrunch
On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones. The malware is called NetWire, and for years several cybersecurity companies, and at least one government agency, have written reports detailing how hackers were using the malware. While NetWire was also reportedly […]
How the FBI proved a remote admin tool was actually malware by Lorenzo Franceschi-Bicchierai originally published on TechCrunch
VCs are advising startups to generally keep no more than $250,000 in SVB checking accounts.
Venture firms are advising portfolio companies to move money out of SVB by Natasha Mascarenhas originally published on TechCrunch
Forgive the scattered nature of this week’s Actuator. No big, overarching monologs this week — just a handful of things I’ve been thinking about lately that I’d like to get down on paper. I suppose that’s one of the perks of doing a weekly newsletter— it forces you to flesh out some bigger ideas. Point […]
Mistakes were made (and that’s fine) by Brian Heater originally published on TechCrunch
Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term borrowing capacity. It turns out burn reduction at startups is more aspiration than reality […]
Silicon Valley Bank’s shares are tanking, as a mess unfolds by Natasha Mascarenhas originally published on TechCrunch