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elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the toptechtrends.com/tag/the-exchange/?utm_source=internal&utm_medium=WPunit” target=”_blank” rel=”noopener”>daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up toptechtrends.com/newsletters?utm_source=internal&utm_medium=WPunit” target=”_blank” rel=”noopener”>here.
It’s too early to fully anticipate all of the consequences of toptechtrends.com/tag/svb-2023-crash/”>Silicon Valley Bank’s collapse. But there is one prediction I am ready to make: Bank diversification is going to be a much higher priority for startups from now on. — Anna
A mostly ignored best practice
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
toptechtrends.com/2023/03/18/svb-crash-banking-diversification-advice/”>Founders, don’t put all your cash in one basket by toptechtrends.com/author/anna-heim/”>Anna Heim originally published on toptechtrends.com/”>TechCrunch
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