Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank

📆 10/03/2023 13.56.00

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Five crypto-focused venture firms said they have advised portfolio companies to withdraw funds from Silicon Valley Bank, the ailing lender.

📆 10/03/2023 13.56.00
📰 TheBlock__

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Ah yes, spread the panic…

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Silicon Valley Bank's struggles spell further trouble for beleaguered tech startup marketSilicon Valley Bank's crisis is due to the challenges faced by its clients, though the problems could now get worse. Bailout season begins! SIVB IBs played high with Founders and start-ups, then lost it all investing in paper. Hubris.
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