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in Tech

Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found

by Editor March 12, 2023, 6:48 pm 1.9k Views

Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found

A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.

Noah Berger | AFP | Getty Images

More than three hundred venture capital firms have signed a joint statement vowing to do business again with Silicon Valley Bank if it is “purchased and appropriately capitalized,” after the financial institution failed on Friday.

Regulators shuttered SVB and seized its deposits on Friday following a run on the bank…

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Posted by Editor

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