Who Picks Up the Pieces of Silicon Valley Bank?
by Brian Wang from NextBigFuture.com on (#69PS1)
Silicon Valley Bank (SVB) failed on Friday. It was the 16th largest bank in the USA. SVB gave loans to startups and the terms of the loans required the startup to keep deposits with SVB. Venture Capitalists for decades would require that startups use SVB and other standard" best practice legal and financial structures. SVB ...