By Elizabeth Lopatto / Mar 12, 2023
The fall of Silicon Valley Bank, explained.
… What is Silicon Valley Bank?
Founded in 1983 after a poker game, Silicon Valley Bank was an important engine for the tech industry’s success and the 16th largest bank in the US before its collapse. It’s easy to forget, based on the tech industry’s lionization of nerds, but the actual fuel for startups is money, not brains. …
Eine gute Zusammenfassung des Zusammenbruchs der SVB.