Silicon Valley traders and founders express shock, explain struggles to get funds out of SVB

Essential Factors

As Silicon Valley Lender was shuttered by the FDIC on Friday, traders and companies with funds locked up expressed dismay at how it went down.
Several enterprise capitalists likened collapse is akin to a Twitter-led financial institution operate, centered far more on unjustified anxiety than reality.
Investors ended up urging their portfolio companies to allocate cash to other banking institutions so they could shell out their workers on time.

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Robinhood’s venture fund, which gives investors access to private companies, tanks 11% on first day

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Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source

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