Silicon Valley Bank's collapse means startups and VCs face billions in losses

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A man stands outside Silicon Valley Bank
Silicon Valley Bank was shut down Friday by regulators.

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Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday

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SVB HQ
Silicon Valley Bank's HQ in Santa Clara, California

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Paul Krugman says Silicon Valley Bank could've been called the 'Schmoozing and Vibes Bank,' but it's probably not another 'Lehman moment'

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Paul Krugman
Paul Krugman said it appeared "at most like a fairly narrow sectoral crisis."

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Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says

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Silicon Valley Bank
Silicon Valley Bank

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Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

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The Roku TV lineup pictured in various sizes.
Roku disclosed that it held 26% of its cash at SVB which was largely uninsured.

Roku

First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

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Trader at NYSE
A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022.

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Silicon Valley Bank is a particularly scary failure. Here's why.

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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Larry Summers says Silicon Valley Bank doesn't present systemic risk as long as it's handled reasonably

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larry summers
Larry Summers

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A $15 billion VC firm warned its startups of Silicon Valley Bank's red flags months ago and they withdrew $1 billion ahead of the turmoil

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SVB
UKRAINE - 2021/04/09: In this photo illustration the Silicon Valley Bank (SVB) logo is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history

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Ken Griffin
Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019.

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