Venture Capital – Page 12

After Bank Debacle, Silicon Valley Reckons With Its Image

Even as start-ups and investors began recovering their money from Silicon Valley Bank, the episode exposed the tech industry’s vulnerabilities.

Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.

The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.

Young companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll.

Living Carbon, a biotechnology company, hopes its seedlings can help manage climate change. But wider use of its trees may be elusive.