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.



Supply

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Finance

Stocks making the biggest moves premarket: Meta, Moderna, Hewlett Packard Enterprise, Juniper Networks and more

Check out the companies making headlines before the bell: Moderna — Shares rose 2% after the biotech company’s experimental flu vaccine showed a positive response in a late-stage trial, opening the way for the standalone shot and a combination Covid shot. Hewlett Packard Enterprise , Juniper Networks — Shares rallied 14% and 8%, respectively, after […]

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Source

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Finance

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It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]

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