[colabot7] Idaho senator Jim Risch, the top Republican on the Foreign Relations Committee—who also serves on the Intelligence Committee—says he’d be surprised if they didn’t mimic the digital pressure campaign that experts say caused the bank runs. “We see all kinds of input from foreign actors trying to do harm to the country, so it’s …
Senators Warn the Next US Bank Run Could Be Rigged Read More »
[colabot7] In just a few years, news specials and academic papers will mark 100 years since the start of the Great Depression. Archival photographs will be dusted off to display the restive crowds gathering outside bank doors in desperate attempts to collect their life savings. A kind of dress rehearsal for the coming commemorations took …
How the Psychology of Silicon Valley Contributed to a Bank Collapse Read More »
[colabot7] In the audience imagination, venture capitalists are often seen as independent wealthy actors seeding early-stage companies with their personal money. But the vast majority of VC capital is from “LPs”—or limited partners—including public pensions, university endowments, hospitals, and wealthy families. In other words, venture capitalists manage large sums of other people’s money. This makes …
How Venture Capital Can Avoid the Next Silicon Valley Bank Fiasco Read More »
[colabot7] The collapse of Silicon Valley Bank (SVB) late on 10 March sent science and technology start-up companies into chaos, and has left many questioning where investment will come from in future. Regulators closed the bank after several days of turmoil following an announcement that it needed to raise US$2 billion to cover debts due …
What the Silicon Valley Bank Collapse Means for Science Start-ups Read More »
[colabot7] Generally, it offered among the least-restrictive terms and equally competitive interest rates, entrepreneurs say. If a borrower failed, SVB was known to handle it more gracefully than other lenders. Effectively, according to language seen by WIRED, SVB would support companies as long as their venture capital backers, often clients of the bank, did not …
Wine, Skiing, and Loans: How Silicon Valley Bank Became Startups’ Best Friend Read More »
