SVB Pain Point in VC, PE Firms

The collapse of Silicon Valley Bank (SVB) caused panic in the startup scene, as it was a crucial funding source. The US government intervened to guarantee deposits, providing relief to startups and VC firms. However, the collapse has global implications, and startups must now seek new banking relationships. Despite relief, uncertainty remains about future challenges.

What was the immediate reaction of people when SVB showed signs of trouble?

• They ignored the news.

• They invested more in the bank.

• They rushed to withdraw their funds.

• They remained calm and waited for updates.

How did the US government's intervention impact the situation?

• It had no significant impact.

• It led to the closure of more banks.

• It caused more panic among investors.

• It provided a sense of relief by guaranteeing deposits.

What was the general feeling among startups and VC firms in Silicon Valley after the intervention?

• A mix of relief and ongoing concerns.

• Complete confidence in the banking system.

• Indifference to the situation.

• A decision to stop all investments.

What challenge do startups face after the collapse of SVB?

• Finding new banks willing to support risky ventures.

• Expanding their operations globally.

• Increasing their investment in SVB.

• Reducing their workforce.

What was the atmosphere like at the Menlo Park branch of SVB on Friday?

• Calm and organized.

• Empty and deserted.

• Festive and celebratory.

• Chaotic with people seeking answers.