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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Silicon Valley Bank
Silicon Valley Bank is in a severe cash crisis. VCs have been telling their portfolio companies to withdraw money from the bank. Some founders went to the SVB office, and we're waiting outside for a little while. Eventually SVB called the police on them, and politely asked the founders to leave according to Eric Newcomer's reporting.
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