and then just so many of the challenges that companies have faced, a lot of it driven by challenges in the public market," and factors like inflation. At one point, he also noted that some have had difficulties raising funds, that valuations have been down and that reports have said the time between rounds has grown longer.
A customer stands outside of a shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Depo
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