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The tech industry moved fast like in “It’s a Wonderful Life” and broke its most prestigious bank- Silicon Valley Bank
March 12, 2023/
More than 2,500 VC firms banked there, and so did a lot of tech execs.
It fell in less than 48 hours.
The fall of Silicon Valley Bank, explained
Silicon Valley Bank failure could wipe out ‘a whole generation of startups’
Not only did Silicon Valley Bank help the company process checks and payments, but all of the startup’s cash was locked up in the bank.
Silicon Valley Bank is seized by US after historic failure
SVB Financial CEO Greg Becker Sold $3.6 Million in Stock Nearly Two Weeks Ago
