The Federal Deposit Insurance Co.’s guarantee of uninsured deposits at Silicon Valley Bank benefitted not only thousands of small tech startups, but it also provided a backstop for larger players such as venture capital firm Sequoia Capital, according to a report by Bloomberg on Friday.
’s guarantee of uninsured deposits at Silicon Valley Bank benefitted not only thousands of small tech startups, but it also provided a backstop for larger players such as venture capital firm Sequoia Capital, according to a report by Bloomberg on Friday.
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