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Stripe to raise $6B, $SIVB drops 60%, generative AI funding | E1695
This Week in Startups
VCs Are Going Slow. Founders Are Still Burning Cash Too Fast
The big news on Thursday, shares of Silicon Valley Bank have plummeted more than 60%. Bank went from trading at a $16 billion market cap yesterday to a $6 billion market cap today. SBB claims that nearly half of all US venture back tech and life science companies banked with them.
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