How the Psychology of Silicon Valley Contributed to a Bank Collapse
[colabot3] In just a few years, news specials and academic papers will mark 100 years since the start of the Great Depression. Archival photographs will be dusted off to display…
[colabot3] In just a few years, news specials and academic papers will mark 100 years since the start of the Great Depression. Archival photographs will be dusted off to display…
[colabot3] In the audience imagination, venture capitalists are often seen as independent wealthy actors seeding early-stage companies with their personal money. But the vast majority of VC capital is from…
[colabot3] On Friday, March 10, Mike Wheeler, president and chief legal officer of payroll startup Patriot Software, was on a five-day cruise off the coast of Florida celebrating his brother’s…
[colabot3] At first glance, the Silicon Valley Bank debacle seems to be a cut-and-dried financial caper. The executives running the 16th-largest bank in the US made the wrong choices in…
[colabot3] The collapse of Silicon Valley Bank (SVB) late on 10 March sent science and technology start-up companies into chaos, and has left many questioning where investment will come from…
[colabot3] Generally, it offered among the least-restrictive terms and equally competitive interest rates, entrepreneurs say. If a borrower failed, SVB was known to handle it more gracefully than other lenders.…