Startups Stuck as Mega US Bank Fails | With Aunindyo Chakravarty
America's biggest bank that catered mostly to startups has failed.
America's biggest bank that catered mostly to startups has failed. Nearly half of all venture capital-backed startups in the US banked with Silicon Valley Bank. While startups are in trouble as a bulk of their money is now stuck, the question that everyone is asking is - how did SVB go under so quickly and what were the regulators doing?
Get the latest reports & analysis with people's perspective on Protests, movements & deep analytical videos, discussions of the current affairs in your Telegram app. Subscribe to NewsClick's Telegram channel & get Real-Time updates on stories, as they get published on our website.