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Southeast Asia VC firms could see a larger impact from SVB fallout than startups

Contagion from SVB's collapse not likely in Southeast Asia, says venture capital firm

SINGAPORE — Compared to startups, Southeast Asia’s venture capital firms could see a bigger impact from the collapse of Silicon Valley Bank because finding a replacement for the U.S.-based bank in the region will be challenging.

“I think from a VC firm’s perspective, you will see a bigger impact here,” said David Gowdey, managing partner at Jungle Ventures, told CNBC’s “Squawk Box Asia.”

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