A look at Alethea, Graphika, and other startups that raised $300M+ between 2018-2022 to fight disinformation for companies and governments, charging $100K+/year
Shawn Eib was on the case as soon as customers started pulling billions of dollars from Silicon Valley Bank.
Analysts, investors, and founders expect a hard year for tech startups, including more down rounds; PitchBook says 400+ unicorns haven't raised funds since 2021
The startup world has had a tough year — plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank.
SVB Financial Group, the holding company for SVB Capital and SVB Securities, files for Chapter 11 and “believes it has approximately $2.2B of liquidity”
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank …
SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and “believes it has approximately $2.2B of liquidity”
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries …
Signature closing means its real-time payment platform Signet can no longer serve crypto clients, a blow after SEN closed; BTC jumps ~7% and USDC regains peg
- Silvergate and Signature were the two main banks for crypto companies, while Silicon Valley Bank had a lot of crypto startups and VCs as customers.
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 …
Sources: some hedge funds are offering to buy startups' deposits at SVB for 60 to 80 cents on the dollar; filing: ~96% of deposits as of Dec. 31 were uninsured
Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
SVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act
More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
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
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 ...