Silicon Valley Bank collapse concerns founders of color

Summary by Ground News

Silicon Valley Bank, the nation's 16th largest bank, collapsed last week. Some of the bank's biggest customers pulled out their money. A WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. Industry experts predict it could become even harder for people of color to secure funding or a financial home.

Published 4 days ago · Washington, United States

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The Independent

Silicon Valley Bank collapse concerns founders of color

While Wall Street works to contain the biggest American bank failure since the 2008 financial meltdown, founders of startups who are people of color worry it could become even harder to secure financial support

4 days ago·London, United Kingdom

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USA Today

Silicon Valley Bank collapse concerns founders of color

SVB had opened its doors to such entrepreneurs, offering opportunities to form crucial relationships that had been out of reach.

3 days ago·United States

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Associated Press News

Silicon Valley Bank collapse concerns founders of color

While Wall Street works to contain the biggest American bank failure since the 2008 financial meltdown, founders of startups who are people of color worry it could become even harder

4 days ago·United States

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abc News

Silicon Valley Bank collapse concerns founders of color

4 days ago·United States

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KRDO

Silicon Valley Bank collapse concerns founders of color

By KAT STAFFORD and CLAIRE SAVAGE Associated Press In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. Questions flowed as the bank’s financial status worsened. Some desperately sought advice: Could they open an account at a larger bank without a Social Security Number? Others questioned whether t…

4 days ago·Colorado Springs, United States

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The Hill

Silicon Valley Bank collapse concerns founders of color

In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. Questions flowed as the bank’s financial status worsened. Some desperately sought advice: Could they open an account at a larger bank without…

4 days ago·Washington, United States

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