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‘It was horrifying’: Startup founders vow to learn lessons of ‘traumatic’ Silicon Valley Bank near miss
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British startup founders are preparing to significantly lower their exposure to Silicon Valley Bank after the failed technology lender’s UK arm was narrowly rescued from insolvency via a buyout by HSBC on 13 March.
Hephzi Pemberton, founder of diversity startup Equality Group, said 90% of the company’s funds were frozen in SVB UK over the weekend, but that will be “a lot less” in future.
“It...
Read more on fnlondon.comAbout this in other media
Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue theguardian.com /1 year ago
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue theguardian.com /1 year ago
The SVB debacle has exposed the hypocrisy of Silicon Valley theguardian.com /1 year ago
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