SVB
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Black founders still care for Silicon Valley Bank
Silicon Valley Bank was in Austin at AfroTech this week, sponsoring and hosting parties in an effort to rebuild trust among Black founders.
Four players in the banking industry spoke about what they are doing to offer startups and investors new alternatives in a post-SVB world.
When Silicon Valley Bank collapsed in March, a flurry of startups rushed to step in to help fill a gap in the startup and venture capital community. One of those…
TreasurySpring raises $29M to expand its investment platform aimed at businesses with excess cash
Of the many issues highlighted by the collapse of Silicon Valley Bank, one big one was the liability of having too much cash sitting in too few bank accounts. Today…
Mauricio Costa was inspired by stories about the bank’s demise and is giving them a gospel and hip-hop treatment in a new musical.
Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner.…
The collapse of SVB does bring new opportunities for venture debt lenders, but they aren’t interested in SVB’s early-stage strategy.
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site,…
In the wake of FRB’s collapse, founders and investors continue to wonder: Where is the best place to protect important assets?
There is no clear indication yet that that is new de facto policy, or that First Republic customers will enjoy similar protections.
When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: The bank spent most of last year without a chief risk officer, and the…
Verto claims a quarter of SVB customers operating in Africa are opening accounts on its platform
Verto, a London-based B2B cross-border foreign exchange (FX) and payments enabler for startups and small businesses, said it has acquired a quarter of Silicon Valley Bank (SVB) customers from Africa…
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How a fintech company handled a fintech crisis
Spend management company Airbase found itself trying to access its own funds while also helping customers make payments through Silicon Valley Bank during the bank’s collapse.
For Israeli entrepreneurs, the prospect of rising pressure on the country’s credit rating made banking diversification a more pressing issue.
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SVB collapse spared an already muted venture deal market
The past year has been tough for startups and investors, but at least Silicon Valley Bank’s downfall isn’t likely to make it materially tougher.
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show…
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Now is the time to invest in Black-owned banks
It’s essential to consider this moment as an opportunity to start banking with some of the few Black-owned banks.
When it came to emerging managers, SVB went beyond just banking resources. These young VCs hope that support isn’t lost.
This week, some of my colleagues took a deep dive into the effects on consumers, businesses, banks, investors, etc. — all over the world — showing just how connected the…
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
As a serial entrepreneur who has famously endured some ups and downs, Parker Conrad thought he’d seen it all. Still, he never imagined that there would be a run on…
Silicon Valley Bank’s collapse reminds us of the entrepreneurial art of balancing ambitious risk and necessary caution.
SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next…
While diversifying assets feels obvious in retrospect, actually following that bit of advice is harder than it seems.
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Mistaking performance for competence
A year or two before launching Actuator, someone on staff floated the idea of my writing a weekly robotics newsletter. I balked at the suggestion. Surely, I suggested, we would be struggling to fill the pages by week two. It’s not so much that I doubted whether there was enough…
First Republic Bank was caught in the wake of Silicon Valley Bank’s collapse over the weekend and saw its shares plunge earlier this week. Shares were rebounding as this new…
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Top crypto app downloads rise over 15% following SVB collapse
Following a shakeup in the U.S. banking system over the past week, crypto exchanges and wallets gained momentum as some look for bankless alternatives. The top 10 crypto applications for exchanges and wallets saw downloads rise about 15% since Silicon Valley Bank’s stock fell 60% last week, according to a…
A lot has happened with SVB, and unless it’s your job to edit the news, it’s possible you missed a slice of the saga, if not the entire story. Here’s…
