silicon valley bank

Twitter boss Elon Musk on Saturday said that he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and turning it into a digital bank.Min-Liang Tan, co-founder and CEO of Razer (a consumer electronic company), tweeted: "I…

Garry Tan, president at Silicon Valley-based Y Combinator, said the collapse of Silicon Valley Bank (SVB) in the US is an 'extinction level event' for startups and will set startups and innovation back by 10 years or more. Y Combinator,…

In the aftermath of the Silicon Valley Bank (SVB) collapse, top venture capitalists said that they would be "strongly supportive" of the lender.In a joint statement, leading VC firms said that for 40 years, SVB has been an important…

SAN JOSE — Roku has more than one-fourth of its cash at failed Silicon Valley Bank — mainly in uninsured deposits — a disquieting disclosure by the tech titan that hints at wider woes due to the bank’s stunning collapse. The streaming giant…

Hi, this is Pranav Mukul in New Delhi. Late Friday evening, Santa Clara, California-based Silicon Valley Bank (SVB), a cornerstone of US technology and startup industry, went belly up, making it one of the largest bank failures after the…

What was Silicon Valley Bank to the world of startups and venture capital? Practically everything. Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial…

Startup founders are beginning to worry about whether they’ll be able to keep paying employees following the failure of Silicon Valley Bank.Payroll service provider Rippling notified customers on Friday that some processing had stalled…

Ashley Tyrner opened an account with Silicon Valley Bank for her company, FarmboxRx, two years ago. She was setting out to raise venture capital and knew the bank was a go-to for the startup industry.On Thursday, after reading about…

Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer.The executive cut his teeth during the dotcom bubble and later steered the startup-focused…

The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The bank failed after depositors —…