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...
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