Share to FacebookShare to TwitterShare to LinkedinInvestors told Forbes they’re now focused on damage control such as ensuring portfolio startups can make payroll with the bank’s uninsured deposits now frozen.
This is a developing story that will keep receiving updates. Last updated 3/10 at 6pm.
On Friday, Silicon Valley Bank’s rich 40-year history came to an abrupt, ignominious end as regulators closed the bank and appointed the Federal Deposit Insurance Corporation as its receiver. And for the startups and investors that SVB has financed and served as a bank – spanning the entire venture capital-backed ecosystem – it’s raised new questions about when deposits and financing will