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Close to half of all listed US venture-backed tech and health care firms were SVB customers and many of these companies were racing to line up funds to make payroll in the aftermath of the collapse.
An ex-manager and several clients say SVB's outdated technology and treatment of some startups made it hard to do business with the bank. David Selinger, CEO of security company Deep Sentinel ...
Insiders are worried about a possible "chilling effect" on investments. Silicon Valley Bank's failure on Friday raises concerns over the potential impacts on the climate technology industry, where ...
More than many other banks, SVB catered to how risky tech start-ups and their backers ... Road in the heart of the venture industry in Menlo Park, Calif. To make the loan work for Kleiner ...
Silicon Valley Bank portrayed itself as “the bank of the global innovation economy,” which might lead you to think that it was mostly investing in highly speculative technology projects.
While a worst-case-scenario was avoided after the FDIC backstopped SVB's deposits, the impact of the bank's demise will likely reverberate across the legal tech market, which has numerous ties to ...
Building managers at Silicon Valley Bank’s Manhattan branch reportedly called the police Friday morning after a group of tech founders showed up and attempted to pull out their cash. Police ...
The recent collapse of Silicon Valley Bank illustrates a tech industry culture that prioritizes profit over the public interest time and again. For decades, SVB embraced Silicon Valley culture ...
BOSTON / NEW YORK (Reuters) - For years Silicon Valley Bank was a lender of choice for climate technology startups keen to tap specialised support for early-stage companies. Post its collapse ...
The recent collapse of Silicon Valley Bank illustrates a tech industry culture that prioritizes profit over the public interest time and again. SVB was a community bank. It claimed that half of ...
Coimbatore: Ten days back chief minister M K Stalin inaugurated a swanky IT Park at Vilankurichi, where IT companies clamoured for space even before the opening. Buoyed by the demand, Stalin ...
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