SVB collapse is double-whammy for tech startups currently navigating brutal marketplace

SVB collapse is double-whammy for tech startups currently navigating brutal marketplace


Critical Details
  • Startup CEOs across the U.S. had been now chopping charges and preserving hard cash in advance of Silicon Valley Bank’s failure made additional head aches.
  • Exit exercise for enterprise-backed startups in the fourth quarter plunged more than 90% from a calendar year earlier, in accordance to facts from the PitchBook-NVCA Undertaking Monitor.
  • “There was just a complete reversal of the pace at which buyers have been keen to move,” claimed ChartHop CEO Ian White.



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