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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696

This Week in Startups

NOTE

Silicon Valley Bank Shut Down, Insured Depositors Have Access

Silicon Valley bank was shut down due to pending news and was worth $16 billion two days ago./nAll insured depositors will have full access to their insured deposits by Monday morning./nUninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds.

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