Startups 'on pins and needles' until their funds clear from Silicon Valley Bank

Enlarge this image

A property manager representative passes a sign at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. NOAH BERGER/AFP via Getty Images

NOAH BERGER/AFP via Getty Images

Lindsey Hoell set out on her fifth attempt to open a new bank account in the Bay Area on Monday.

She’d been trying for days as chaos reigned across the banking system. Hoell is one of hundreds of startup founders mired in the collapse of Silicon Valley Bank—left unable to make payroll, pay customers

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

GM pauses sales of Chevy Blazer EV over software issues | CNN Business

New York CNN  —  GM has paused sales of its brand new Chevy Blazer EVs after some customers reported...

Crypto’s 2023 was marred by fraud and scandal. It was its best year ever | CNN Business

New York CNN  —  Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling....

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...