February 22, 2025

Chronoto.pe

Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Headlines

Silicon Valley Bank Collapse Puts New Affordable Housing in Limbo

Josh Koehn07 mins

https://sfstandard.com/housing-development/silicon-valley-bank-collapse-san-franciscos-affordable-housing-limbo/ Affordable housing projects in San Francisco could be in peril after the sudden collapse of Silicon Valley Bank, which not only counts tech startups among its clientele but also manages assets for many low-income housing developers in the region. A high-ranking City Hall official told The Standard that at least two affordable housing projects…

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Silicon Valley Bank (SIVB) Collapse: Startups Are Worried About Paying Workers – Bloomberg

Hannah Miller, Katie Roof, Priya Anand01 mins

Payroll service provider Rippling facing processing delays ‘Tens of thousands of people’ may not get paid next week The Impact of SVB on the VC Industry March 10, 2023, 7:23 PM UTCUpdated onMarch 11, 2023, 2:42 AM UTC Startup founders are beginning to worry about whether they’ll be able to keep paying employees following the…

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Silicon Valley Bank is being shut down today by regulators | TechCrunch

Natasha Mascarenhas05 mins

Silicon Valley Bank has been closed by regulators, which are now in charge of the bank’s deposits, according to a release sent out by the Federal Deposit Insurance Corporation on Friday. While banking activities in SVB’s 17 branches are closed today, SVB’s operations will resume on Monday — this time, with the FDIC in charge….

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How founders are reacting to Silicon Valley Bank’s collapse | TechCrunch

Natasha Mascarenhas026 mins

Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter about Silicon Valley Bank in a YC founder WhatsApp group. The conversation was related to an article published that day about SVB’s plan to launch a $2.25 billion share sale and an agreement by General…

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SVB Panic Spreads As European VCs Urge Founders to Pull Funds

Callum Burroughs, Tasmin Lockwood, Riddhi Kanetkar, Michael Cogley08 mins

At least 10 European VC funds have told their founders to pull funds out of Silicon Valley Bank. That follows prominent US investors telling their firms to get their money out through Thursday. The tech lender was plunged into crisis after a $21 billion firesale of its bond portfolio. Silicon Valley Bank’s woes spread overseas…

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Silicon Valley Bank: How the tech sector’s favorite bank collapsed

Khaya Himmelman, Matthew Zeitlin011 mins

Silicon Valley Bank, or SVB, collapsed on Friday, sending shock waves through the tech industry, which often turned to SVB for startup lending. It’s the largest bank collapse since 2008, though its downfall was a classic scenario: SVB was suddenly upside down on its books, investors caught wind, and a run on the bank followed….

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