A small business owner with all of her money in SVB says the company was 'jerked around' by the 'failures of the American banking system'

Sat, 03/18/2023 - 05:30

Kim (left), Vanessa (right) Pham hold Omsom food starter packs at Essex Market — Kim (left) and Vanessa Pham with their Omsom food starter packs at Essex Market.
Crystal Cox/Insider

Silicon Valley Bank's collapse had startup founders and venture capitalists in a panic last weekend.
The founders of Asian food startup, Omsom, posted about the company's experience on social media.
Vanessa Pham said the bank's collapse threatened small businesses, in addition to rich VC firms.

Vanessa Pham was showing off her lemongrass BBQ sauce and yuzu miso glaze at the annual conference Expo West last Thursday when she first heard about Silicon Valley Bank's struggles.