The last 96 hours have been one of the most manic and momentous in my last decade in venture capital. Silicon Valley Bank, once a stalwart of its namesake Silicon Valley was put into receivership by the Federal Government Insurance Corporation.
What does this mean for its customers? Its investors? The bank? The story continues to unfold.
But one thing is for certain: These failures will change the startup landscape and founder behavior in meaningful ways.
Here are five predictions.
Risk Management Comes To The Forefront
For many startups, it was completely rational, and justifiable to store deposits safely with Silicon Valley Bank.