Startups will have to scale back amid SVB crisis: Singapore Monetary Authority official1 min read . Updated: 13 Mar 2023, 04:42 PM IST
Existing founders will struggle even getting the existing capital so they have to deal with this market crisis from a profitability perspective, said Sopnendu Mohanty
Startups will have to scale back and preserve capital in the backdrop of the sudden collapse of the US-based Silicon Valley Bank (SVB), Singapore Monetary Authority chief fintech officer Sopnendu Mohanty said on Monday.
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