CEO Ben Lewis said his company Little Spoon “dodged a bullet” in Silicon Valley Bank’s (SVB) shutdown last week but voiced worries about impacts the bank’s collapse could potentially have on the startup and venture capital markets.
and then just so many of the challenges that companies have faced, a lot of it driven by challenges in the public market," and factors like inflation. At one point, he also noted that some have had difficulties raising funds, that valuations have been down and that reports have said the time between rounds has grown longer.
A customer stands outside of a shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Depo
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Read more »
Kuwait central bank expects little SVB impact on local lendersKuwait's central bank said on Sunday there would be very little impact on local lenders from the collapse on Friday of Silicon Valley Bank (SVB).
Read more »
Ripple CEO assures ‘strong financial position’ despite SVB collapseBrad Garlinghouse, CEO of Ripple, the issuer of XRP, said on Twitter that the company’s day-to-day operations were unaffected by the collapse of Silicon Valley Bank.
Read more »
SVB: CEO works to fund more than $1 billion in loans for startupsA fintech CEO is trying to raise more than $1 billion to fund bridge loans for startups impacted by the Silicon Valley Bank collapse
Read more »
Ripple Has Exposure to SVB: CEORipple CEO Brad Garlinghouse clarified the company's position on its exposure to Silicon Valley Bank (SVB), confirming that his company had some exposure to SVB as a banking partner
Read more »