Startups

Shares of First Republic Bank fell sharply in early trading this morning, which caused trades of the company to be paused due to volatility. That implies investor discomfort with the financial institution despite government activity over the weekend to sort the Silicon Valley Bank crisis and potent

What's it take to bring a tech conference to life? A village, people. Not to be confused with The Village People, but I digress. We're searching for outstanding volunteers to support our events team and help make technewss Early Stage, our one-day founder summit taking place on April 20 in

Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system.

I spent several years as a general manager at Amazon Web Services and my teams launched two Tier 1 services: Amazon CloudSearch and Amazon OpenSearch. Like every product at AWS, these were scaled with a product-led growth (PLG) market motion. There were no gated features or subscription tiers to ch

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Over the last three years, Ho Chi Minh City-based Medigo has grown to 500,000 active users by providing 24/7 one-demand prescription delivery services. Now it's planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital an

As Silicon Valley Bank collapsed before our eyes on Thursday, a founder told me that the world felt like it did when COVID-19 first bared its teeth. I scoffed at his analogy at first: Are we really using a still ongoing and devastating pandemic to describe the fall of a prominent bank? But then I r

The Federal Reserve issued a joint pair of statements on Sunday with one clear message: Silicon Valley Bank’s depositors, both insured and uninsured, will receive help in a manner that will “fully protect” all. Depositors, the statement reads, “will have access to all of the

Two of tech’s biggest entrepreneurs, OpenAI CEO Sam Altman and storied venture capitalist Vinod Khosla, are offering personal capital to startups on the brink of SVB collapse as their money remains locked up at Silicon Valley Bank. The bank, which was shut down and taken over by regulators on

An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg. Bloomberg says that the U.S. Federal Deposit Insurance Corp. (FDIC), which stepped in and shut down

Yesterday, the U.S. experienced its second-largest bank failure in history. In the technology world, Silicon Valley Bank (SVB) was one of the largest banks supporting small businesses, but today, tens of thousands of depositors are unable to access capital. This is not the first time I've witne

Serial entrepreneur and venture capitalist Garry Tan is less than three months into his new job as the CEO of Y Combinator, one of the most famed accelerator programs in tech. And it seems like it’s been an eventful onboarding process thus far. Along with pretty much every other corner of the

Update on Sunday, March 12, 2023: The Federal Reserve announced that Silicon Valley Bank's depositors will be fully protected and that cash will be accessible starting Monday for both the insured and uninsured. As a result of this announcement, Brex CEO Henrique Dubugras wrote on Twitter that B

The dust has yet to settle in the largest bank run in U.S. history, a collapse that in just 48 hours dismantled the tech startup-focused Silicon Valley Bank. But already a debate is raging in the venture capital community and investors are picking sides. On Friday, a group of more than two dozen ve