Startups worldwide gird for life after SVB5 min read . Updated: 16 Mar 2023, 01:14 AM IST
Even if SVB continues under a new name, investors and tech firms alike see a future that is significantly more difficult. Deals ranging from venture debt financing to funding rounds are likely to be impacted by recent days’ upheaval
Startups from Silicon Valley to London, Tel Aviv and tech hubs across Africa depended on Silicon Valley Bank as a one-stop shop for everything, from holding their fortunes to personal mortgages. Now, the bank's failure has forced them to navigate a new world of banking just as the financial markets tip into chaos.
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