Silicon Valley Bank’s crash is providing valuable lessons all over the world

Quick Summary

This week, some of my colleagues took a deep dive into the effects on consumers, businesses, banks, investors, etc.— all over the world — showing just how connected the startup ecosystem really is.

An interesting comment came from Peter Barrett at Playground Global, who said, “If SVB rises from the ashes — and we act to mitigate the weaponization of concentrated digital media — money may not become impossibly expensive for capital intensive technologies like robotics.

It’s official: by Monday, Mercury customers will have access to up to $5M in FDIC Insurance – 20x the per bank limit.

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News Analysis

Author / Journalist: Christine Hall

Category: Technology Business Startups

Topics: SVB 2023 crash Fintech Silicon valley bank SVB The Interchange

Source Website Secure: Yes (HTTPS)

Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

News Source URL: techcrunch.com

Readership Location: United States

Published Date: 2023-03-19, 14:16:44

News Timezone: GMT -5:00

Language: English

Original Article Length: 1380 words

Reading Duration: 8 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1070239

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About Publisher

Name: TechCrunch

Main Topics: TechnologyBusinessStartups

Official Website: techcrunch.com

Last Update: 8h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #20

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