Startups scramble to meet payroll, pay bills after SVB's swift collapse
In this article SIVB Follow your favorite stocks CREATE FREE ACCOUNT Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images The sudden collapse of Silicon Valley Bank has thousands of tech startups wondering what happens now to their millions of dollars in deposits, money market investments and outstanding loans. Most importantly, they're trying to figure how to pay their employees. related investing news A major inflation report and fallout from Silicon Valley Bank hang over markets in week ahead Patti Domm 2 hours ago Silicon Valley Bank blowup highlights deposit risks vs Treasurys Bob Pisani 7 hours ago SVB Financial issues are unlikely to spread to other banks, Wall Street analysts say Jesse Pound 9 hours ago "The number one question is, 'How do you make payroll in the next couple days,'" said Ryan Gilbert, founder of venture firm Launchpad Capital. ...