General Catalyst
- More than 110 venture capital firms have signed a statement in support of Silicon Valley Bank.
- SVB was shut down by regulators on Friday after its losses on bond sales sparked a bank run.
- Some VCs at signatory firms have criticized investors who advised founders to pull funds from SVB.
Venture capital firms are expressing their support for the fallen Silicon Valley Bank, which US regulators shut down on Friday.
"Silicon Valley Bank has been a trusted and long-time partner to the venture capital industry and our founders," a joint statement from more than 110 firms reads.