Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K
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Published 3 months ago
Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance sheet spooked investors. The warnings come even as startups in the sector scramble for viable banking options. Spokespeople for Mechanism Capital and Eden Block confirmed they have advised portfolio companies to withdraw funds held at SVB. Pantera C…
3 months agoRead Full Article
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