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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