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After Silicon Valley Bank failure, American start-ups still need a bank

  • Article
  • Mar 20, 2023
  • #Finance #Banking #FinancialCrisis #Startup
Steve Case
@SteveCase
(Author)
www.washingtonpost.com
Read on www.washingtonpost.com
1 Recommender
1 Mention
Silicon Valley Bank’s collapse has, so far, served primarily to raise questions about banking regulations and macroeconomics. But at a moment when America’s lead in the global race... Show More

Silicon Valley Bank’s collapse has, so far, served primarily to raise questions about banking regulations and macroeconomics. But at a moment when America’s lead in the global race for innovation is at risk of shrinking — China’s top-down system is gaining steam on our bottom-up approach — we can’t let SVB’s unique role supporting new companies go unfilled. There is real danger that we let the focus on SVB’s collapse obscure the critical role it played for start-ups and entrepreneurs. Those who have an interest in nurturing U.S. innovation — including, venture capitalists and regulators — must quickly figure out how to continue supporting our start-up community.

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Mark Suster @msuster · Mar 21, 2023
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Worth a read. An important perspective on the overlooked importance of SVB to the US for global tech competitiveness. 👇🏼👇🏼
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