Startups Stuck as Mega US Bank Fails | With Aunindyo Chakravarty
America's biggest bank that catered mostly to startups has failed.
America's biggest bank that catered mostly to startups has failed. Nearly half of all venture capital-backed startups in the US banked with Silicon Valley Bank. While startups are in trouble as a bulk of their money is now stuck, the question that everyone is asking is - how did SVB go under so quickly and what were the regulators doing?
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