![]() ![]() Outside of TC’s multiple (and fabulously reported, if I may add) stories on the topic, which you can find bundled here, there is some other chatter I’ve heard related to the news: We also teamed up with other TC staff and talked to several founders who bank(ed) there to get their perspectives. Natasha Mascarenhas and I talked to several competitors in the space and unsurprisingly, they’re seeing a ton of increased demand. As one VC put it: “It’s bad.” Our hearts go out to all impacted. Already, businesses are worried about making payroll, which could lead to unanticipated closures and layoffs. The impact of this event will be severe, widespread and - for fear of being dramatic - potentially catastrophic for many. While we could have guessed the storied financial institution was struggling, we did not anticipate that it would shut down so soon after announcing said struggles. ![]() ![]() ![]() Mary Annĭespite the economic turbulence of the past year, I think it’s safe to say that many of us did not see the sudden full-on implosion of Silicon Valley Bank coming. There’s a lot of fintech news out there and it’s my job to stay on top of it - and make sense of it - so you can stay in the know. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Every week, I’ll take a look at the hottest fintech news of the previous week. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. ![]()
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