How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance
- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
Coinbase “temporarily” pauses conversions of USDC into USD during the weekend; USDC depegged and traded at ~$0.90 as investors reacted to Circle's SVB exposure
The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents …
A closer look at the collapse of Silicon Valley Bank, the 16th largest US bank whose unrealized losses snowballed from $0 in June 2021 to $16B by September 2022
Markets/Econ — General Sherman's memoirs about the Page & Bacon 1855 bank run in San Francisco. Mike / Nongaap Investing : SIVB: Held-to-Mortem Governance Tweets: Mike / @nongaap : It kind of blows ...
The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15
Exit Fuel 🛢️ exists because of the support of people like you. Dalmas Ngetich / NewsBTC : Long Queues Seen At Silicon Valley Bank-Owned Boston Private - A Bank Run? Tweets: Dan Primack / @danprimack :...
Filing: Roku held $487M, or ~26% of its $1.9B in cash and equivalents, at SVB, “largely uninsured”, and says the $1.4B left “will be sufficient” for 12+ months
About one-fourth of Roku's cash and equivalents — nearly half a billion dollars …
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
Circle's USDC has seen $1B in net redemptions since SVB's collapse and lost its $1 peg, after Circle said SVB is one of six banks managing USDC cash reserves
Stablecoin issuer Circle held an undisclosed amount of USDC's cash reserves at now-failed Silicon Valley Bank.
ChatGPT seems to have plagiarized at least one mobile game to “invent” a game called Sumplete, after being prompted to create a Sudoku-like puzzle
ChatGPT can add another job to its résumé: game developer. With just a few simple prompts from a user …
Filing: crypto lender BlockFi, which filed for bankruptcy in November 2022, has $227M in uninsured funds in SVB; BlockFi may have violated US bankruptcy law
- Crypto lender Blockfi has millions in uninsured funds because the cash is a money market mutual fund, according to a bankruptcy document filed on Friday.
Filing: investors and depositors tried to pull $42B from SVB on March 9; the bank had a $958M negative cash balance on March 9, per a taking possession order
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade …
How the FBI proved that NetWire was a Remote Access Trojan and not a legitimate remote admin tool, leading to the seizure of the website selling the malware
On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones.
VC firm Greenoaks warned its founders of potential problems at Silicon Valley Bank in a November 2022 email; a source says 12+ portfolio startups withdrew ~$1B
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was at SVB as of February 28
Sarah Perez / TechCrunch :
Meta is exploring a standalone decentralized social network for sharing text updates; the app, codenamed P92, will reportedly let users log in with Instagram
my personal feelings towards Meta notwithstanding. For one, it's validation for our entire ecosystem from the biggest player. … Mike McCue / @mike@flipboard.social : @Gargron From experience I can te...
LinkedIn's decision to start publishing “AI-powered conversation starters” to provoke discussions is a milestone and may herald semiautomated social networks
It makes sense that LinkedIn would be the first major social network to push AI-generated content on its users.
Brazil is seizing shipments of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, due to its alleged use in criminal activity
The Brazilian National Telecommunications Agency is seizing incoming Flipper Zero purchases due to its alleged use in criminal activity …
Leaked docs: Twitter's API access Enterprise Packages start at $42K/month for 50M tweets, or ~0.3% of its monthly output, 25K filters, and 50K archive queries
100 million and 200 million tweets respectively—and cost $125,000 https://www.wired.com/...... https://twitter.com/... Chris Messina / @chrismessina : Twitter API pricing set in Tesla units: Small: 1 ...
Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly the same magnitude as its ~13% cut in November 2022
Wall Street Journal :
European telcos ramp up pressure on the EU to consider a framework where Google, Netflix, Meta, Apple, Amazon, Microsoft, and others help pay for network costs
CNBC : Tweets: @dhinchcliffe Tweets: Dion Hinchcliffe / @dhinchcliffe : Without us ‘there is no @Google’: #EU telcos ramp up pressure on #BigTech to pay for the Internet https://www.cnbc.com/... At i...
Meta plans to divest from Kustomer, acquired for reportedly ~$1B; sources: the startup's revenue flattened while burning through ~$200M since 2022's deal close
Wall Street Journal :
Q&A with Xerox CEO Steve Bandrowczak on the company's 100+ year history, printing, IT services, automation, the Palo Alto Research Center, CareAR, M&A, and more
Nilay Patel / The Verge :
A look at the Hong Kong Exchanges and Clearing's new IPO rules, which will allow pre-revenue tech companies with a valuation of ~$1.9B or more to raise capital
Enoch Yiu / South China Morning Post :
Cloud software company Blackbaud settles with the SEC for $3M over its “misleading disclosures” about a May 2020 ransomware attack that affected 13K+ customers
Carly Page / TechCrunch : Tweets: @agtoddrokita Tweets: Todd Rokita / @agtoddrokita : Glad to assist the SEC in getting this case settled. My office will always fight to ensure consumers are protecte...
Some German states are reviewing police use of Palantir's tech after a court ruled laws on data mining by police were too broad and infringe on personal privacy
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.