2min chapter

My First Million cover image

SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture

My First Million

CHAPTER

Are You Affected by Silicon Valley Bank?

Silicon Valley bank, which is used by many Silicon Valley startups, shut down on Sunday. The company says 50% of venture back startups use the bank. TechCrunch's Kat Kinsman tried to log in and was told she would not be able to until Monday. She asked: Why does everybody use it? And what happened when people tried to do that?

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