Venture Capitalists Are Advancing Startups on How to Manage Their Cash

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FT's US banking editor Andrew Edgcliffe Johnson has been speaking to founders about the Silicon Valley bank collapse. He says venture capitalists are now advising startups they work with on how to manage their cash. The usual balance in a company that grows more slowly is between that growth appetite and that consciousness of potential risks, he says.

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansion of the federal guarantee on bank deposits. Plus, the FT’s Andrew Edgecliffe-Johnson explains what lessons start-ups are taking away from the collapse of Silicon Valley Bank.

Mentioned in this podcast:

UBS agrees to buy Credit Suisse for more than $3bn

White House pressed to expand deposit guarantee to steady banks

Central banks announce dollar liquidity measures to ease banking crisis

Start-ups learn the hard way how to manage cash after SVB’s collapse

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