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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Silicon Valley Bank Shut Down, Insured Depositors Have Access
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- Silicon Valley bank was shut down due to pending news and was worth $16 billion two days ago.
- All insured depositors will have full access to their insured deposits by Monday morning.
- Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds.
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