A year later, lessons from Silicon Valley Bank's epic collapse moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) March 10, 2023, should’ve been a day to celebrate for Eric Vogel. He was about to sign a funding deal for his recycling startup, Circularr, after five months of due diligence. The investor just wanted to talk to one last reference, a formality before the deal closed.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsOne of the Most Infamous Trades on Wall Street Is Roaring BackSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsBond Investors A
The collapse of SVB was swift and stunning, triggering days of sheer terror in Silicon Valley. Y Combinators Garry Tan warned that the failure could be an “extinction-level event” for tech startups.