Exclusive: Union Square Ventures warned startup founders in November to diversify their deposit holdings after alarm over Silicon Valley Bank

Tech Insider
Co-founder of Union Square Ventures Fred Wilson speaks onstage during TechCrunch Disrupt NY 2016 at Brooklyn Cruise Terminal on May 10, 2016 in New York City.
Union Square Ventures co-founder Fred Wilson

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SVB is the first social media bank run in history. The crisis will change the banking industry forever.

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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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Venture capitalists 'almost took the whole system down' by having startups stow all their cash at Silicon Valley Bank, says one tech billionaire CEO

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A headshot of Thomas Siebel standing in front of a cloudy backdrop
Billionaire tech CEO Thomas Siebel said venture capital investors should have prepared startups for the possibility of a collapse like SVB.

Courtesy of C3.ai

Y Combinator pulls back from late-stage startup investing to focus on its core accelerator program, and parts ways with 17 employees

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Garry Tan, founding and managing partner at Initialized Capital, posing in a hallway
Y Combinator president and CEO Garry Tan.

Oliver Covrett

SVB's collapse could make it harder for climate startups to get the funding they need

Tech Insider : Climate Crisis
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank.

Justin Sullivan/Getty Images

Benchmark's Bill Gurley calls Silicon Valley Bank's collapse 'a black swan event' at SXSW, and casts aside criticism of the move to secure its depositors

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bill gurley
Veteran venture capitalist and general partner at Benchmark, Bill Gurley.

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The winners and losers of the Silicon Valley Bank failure

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Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

Justin Sullivan/Getty Images

Silicon Valley Bank's collapse sent this tech founder into a 3-day panic, leading him to question: 'Am I good enough to do what I do?'

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
The founder and CEO of Torre, an online recruiting startup, said SVB's collapse made him question himself.

Justin Sullivan/Getty Images

Biden says taxpayers won't bail out Silicon Valley Bank and the people responsible for its collapse will be held accountable: 'No one is above the law'

Tech Insider : Politics
President Joe Biden
President Joe Biden delivers remarks on Monday over Silicon Valley Bank's collapse.

Evelyn Hockstein/Reuters.

Silicon Valley Bank's UK unit has been sold to HSBC for $1.21

Tech Insider
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

Justin Sullivan/Getty Images

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