Silicon Valley Bank Collapse

Vinod Khosla, OpenAI CEO Sam Altman offer personal cash to help startups
IANS -
Khosla said he is offering personal loans at borrowing cost to companies in the Khosla Ventures portfolio. "We are talking to 100+ portfolio companies assessing their critical needs and plan to bridge where we are a lead or major investor at our cost of borrowing only or under special circumstances where a company's other investors.
Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action
IANS -
Scores of customers flooded the SVC Bank -- earlier known as 'Shamrao Vithal Cooperative Bank' -- wanting to know the status and safety of their deposits. Hoping to allay their clients' apprehensions, the SVC Bank issued a statement late on Saturday pointing to the case of a 'mistaken' identity and clarifying that it had no links with the SVB, USA, and even threatened legal action against mischief mongers.
SVB collapse: Minister Chandrasekhar to meet Indian startups to see how govt can help them
IANS -
The bank's collapse is going to impact several startups in India which have exposure to its investments and have parked their funds in the bank. "The @SVB_Financial closure is certainly disrupting startups across the world. Startups are an important part of #NewIndia Economy," Chandrasekhar said in a tweet.
Top VC firms deeply concerned at SVB collapse, Ashneer offers a solution
IANS -
Hemant Taneja, investor and managing partner at General Catalyst, said in a tweet that several VC leaders like Accel, Khosla Ventures, Altimeter Capital, Lightspeed Venture Partners, Mayfield Fund, Ribbit Capital, Redpoint Ventures and others met to discuss the aftermath of SVB's downfall. "Silicon Valley Bank has been a trusted and long-time partner to the venture capital industry and our founders.
SVB chief pressed US lawmakers to weaken bank risk scrutiny
IANS -
Three years later - after the bank spent more than half a million dollars on federal lobbying - lawmakers obliged. On Friday, California regulators shut down the Silicon Valley Bank (SVB), a top lender to venture capital firms and tech startups, and the Federal Deposit Insurance Corporation took it over, following a bank run by its customers.
Silicon Valley Bank Collapse: 5 Facts to know about the largest bank failure since 2008 financial crisis
Newsmen Business Desk -
The Silicon Valley Bank Collapse has raised concerns about the stability of other banks and the potential impact on young start-ups who rely on such banks for funding. The situation highlights the importance of proper risk management and the potential risks associated with investing in bonds with high yields.
Advertisement