SVB COLLAPSE FOUNDERS OF COLOUR
A year later, what are the lessons from Silicon Valley Bank’s epic collapse?
The collapse of SVB was swift and stunning, triggering days of sheer terror in Silicon Valley. Y Combinator’s Garry Tan warned that the failure could be an “extinction-level event” for tech startups.
Israel's tech sector reels from SVB collapse, proposed judicial reform
Nicknamed "Startup Nation", Israel's economy has ridden a wave of tech success with a sector that employs just 10% of the country's workforce accounting for around 15% of economic output, more than half of exports and a quarter of tax income.
Next nine months will lead to company failures, shutdowns, down rounds: Gokul Rajaram
Rajaram, dubbed the ‘Godfather of Google's AdSense’, who later became product director of ads at Facebook, is also an angel investor in domestic startups with a portfolio comprising Cred, Curefit, and Whatfix.
SVB collapse puts limelight on financial over macro stability; what will Fed do now?
He further said the more calm is restored following the panic selling of bank stocks in recent days, the more likely the Fed is to announce another 25 bps rate hike, whereas if risk-off continues a pause seems much more likely.
48 hours till payroll, $200,000 to go: diary of a bank failure
When Silicon Valley Bank collapsed March 10, it suddenly became very important to startup founders what the FDIC did.
Silicon Valley Bank collapse concerns founders of colour, minorities
Smaller players have fewer means of surviving a collapse, reflecting the perilous journey minority entrepreneurs face while attempting to navigate industries historically rife with racism
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Collapse of Silicon Valley Bank: An opportunity for IFSC, GIFT City?
IFSC, GIFT City, which houses many private and public sector banks, global MNC banks, have been in operation for a long time now
‘A huge disruption’: Startups worldwide gird for life after SVB
Startups from Silicon Valley to London, Tel Aviv and tech hubs across Africa depended on SVB as a one-stop shop for everything from holding their fortunes to personal mortgages.
Nifty down 10% from record high! Tips from Shankar Sharma on how to navigate current market
Sharma said that regulators learn from adverse past events and carry those lessons with them. "There is always learning with a new event. So, 2008 will not get repeated by any stretch. I mean, let us not even start thinking like that," he added.
SVB collapse shows the delusional state of private equity: Nikhil Kamath
Banking regulators said that SVB depositors would have access to their funds, putting rest to fears that startups would struggle to pay their employees this week
Silicon Valley Bank collapse: Learning for Indian startups is to trust Indian banking system more, says Rajeev Chandrasekhar
Chandrasekhar’s comments came after a joint statement from the treasury department, Federal Reserve, and FDIC, saying that depositors with Silicon Valley Bank would have access to all of their money starting Monday, March 13.
How Silicon Valley Bank's collapse ripped through global tech
While the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined. Many depend on a single mid-sized bank for their day-to-day operations.
SVB crisis: regret and blame in Silicon Valley after bank run
SVB, which was founded in the 1980s, claimed that "nearly half" of US technology and life science startups banked with them for a wide range of services, but mainly to park cash handed to them by their venture capitalist backers to operate.
How officials, investors and funds are tackling the SVB collapse
SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise.
SVB collapse: US regulators to protect all depositors
Banking regulators said on Sunday evening that depositors at Silicon Valley Bank (SVB), which was shuttered Friday, would have access to their funds on Monday, putting to rest fears that startups would struggle to pay their employees this week.
US marshalling 'material action' to stem SVB fallout: report
Details of the announcement expected on Sunday were not immediately available, but one of the sources said the Federal Reserve could take action similar to what it did to keep banks operating during the COVID-19 pandemic.
From Shanghai to Mumbai, tech chiefs race to contain Silicon Valley Bank fallout
In the past days, the region’s tech luminaries and family offices have watched with a mix of fear and fascination at the meltdown that engulfed a decades-old bank which once carried $200 billion of assets.
Collapse of Silicon Valley Bank to impact Indian startup ecosystem, feel experts
Over the past several years, SVB has been one of the most preferred choices of banking for startups and tech industry in Silicon Valley, mainly because of its understanding of the industry and flexibility in many aspects suiting the startup ecosystem.
SVB collapse: tech executives race to save startups from 'extinction'
Friday's dramatic failure of the bank, which focuses on tech startups, was the biggest since the 2008 financial crisis. It roiled global markets, walloped banking stocks, and left California tech entrepreneurs worrying about how to make payroll.
HPS, Oaktree among firms pitching deals for trapped SVB deposits
Hedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around 80 cents on the dollar in exchange for a guarantee from the fund that owns the companies, according to one of the people.
Worry for tech startups after Silicon Valley Bank failure
The company previously boasted that "nearly half" of technology and life science companies that had US funding banked with them, leading many to worry about the possible ripple effects of its collapse.
SVB’s 44-hour collapse was rooted in treasury bets during pandemic
SVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly on Friday, following a frenetic 44 hours in which the bank's long-established customer base of tech startups yanked deposits. But its fate had been sealed years ago — during the height of the financial mania that swept across America when the pandemic hit.
Unthinkable heresy becomes reality: How Silicon Valley Bank created — and walked straight into — a trap
SVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly, following a frenetic 44 hours in which its long-established customer base of tech startups yanked deposits. But its fate was sealed years ago — during the height of the financial mania that swept across America when Covid hit.
Top VCs in a huddle to discuss Silicon Valley Bank collapse, vow to be 'supportive'
Tweeting the statement, Hemant Taneja, CEO, General Catalyst, said: "Several VC leaders met today to discuss the aftermath of SVB's downfall. This is a joint statement from all of us."
Silicon Valley Bank collapse: extinction level event for startups, says YC president Garry Tan
30% YC companies exposed to the troubled bank and won't be able to make payroll in next 30 days, said Garry Tan
SVB depositors, investors tried to pull $42 billion Thursday
The bank had a negative cash balance of $958 million at the close of business on March 9
The collapse of Silicon Valley Bank and its impact on Indian startups
Indian investors and SaaS startups have are rattled by the developments in the US. While some are closely tracking the developments, others have started moving their deposits out from SVB.
SVB rivals field calls from startups seeking new home for funds
According to sources, JPMorgan has received dozens of client calls seeking to switch from SVB to the company. But, news is not all good for potential beneficiaries
ETtech Explainer: how rising US interest rates caused a pincer movement on Silicon Valley Bank
What happened at SVB has its genesis in the rising interest rates, and while the bank would have been able to bear a single shock, it was subjected to stress from two different directions.
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