What the Silicon Valley Bank collapse means for climate tech
Zero: The Climate Race
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Introduction
Akshathrati: Silicon Valley Bank collapsed late last week. She says the bank was built around working with young companies pursuing big ideas. A run on the bank saw customers try to withdraw 42 billion dollars about a fifth of the bank's holdings. The headache is far from over, particularly for climate tech companies that are readying themselves for explosive growth and need gobs of cash. And so I spoke with Austin Sandick, the CEO of Aeonix, to hear how the bank's collapse piles stress onto his company.
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