Over 100 VCs, buyers voice solidarity with Silicon Valley Financial institution

Because the 40-year-old banking establishment, Silicon Valley Financial institution (SVB), winds down operations, quite a few enterprise capitalists (VCs) and buyers joined fingers and determined to cushion the affect in case the financial institution “had been to be bought and appropriately capitalized.”

Roughly 125 VCs and buyers signed a press release supporting SVB to restrict the fallout of the financial institution’s collapse and the following affect on tech firms. The enterprise companies included Sequoia Capital and Basic Catalyst.

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