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Stripe to raise $6B, $SIVB drops 60%, generative AI funding | E1695
This Week in Startups
Silicon Valley Bank CEO, New York Based Venture Firm USB
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New York based venture firm USB this week, Unisquare Ventures Fred Wilson sent an email to founders advising them. The email read do not accept any offers from SBB to keep your money there. Even if they dangle 5% in front of you,. It said, whoa, USB noted had reached out to many of its portfolio companies earlier this year saying it had expected such a situation represented for the firm to find a comment. This is starting to give me flashbacks of that and maybe black swanish kind of event. Do we expect well known, well run banks to be insolvent or have bank runs? That's something I don't think we expected.
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