Startups Asked For Help Making Payroll After SVB. VC Responses Were Mixed

When founders scrambled to make payroll after the closure of SVB, some VC firms promised to help—but only a few actually wired money.

Last Friday afternoon, OpenAI CEO Sam Altman issued a challenge to Silicon Valley’s venture capitalists: Put your money where your mouth is. “Investors who ask ‘how can I be helpful’: today is a good day to offer emergency cash to your startups that need it for payroll or whatever,” Altman tweeted. “No docs, no terms, just send money.”

In the wake of Silicon Valley Bank’s abrupt closure that morning, Altman’s message struck at the big question for tech

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