Startups

Happy Friday, folks. It’s Kyle again, Greg’s stand-in for Week in Review. (He’ll be back in a few weeks’ time, not to worry.) If you’re a WiR newbie, it’s the newsletter where we recap the past five days in tech news. I might be biased, but I’d say it’

Founders and venture capitalists aren’t the only ones experiencing volatility right now: Silicon Valley Bank employees are seeing their jobs in flux as their employer falls apart. SVB, which was closed down yesterday, is now being run by regulators. And while employees are no longer employed

As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the U.S. had reached the shores of the U.K. and Europe. Yesterday afternoon, the Bank of England sought a court order to place Silicon Valley Bank UK Limited — the U.K. arm of the U.S. institutio

While the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report. Specifically, the Fintech Index — which tracks the performance of emerging, publicly traded financial technology companies — was down a staggering 72% in

Over 60 YC-backed Indian startups have more than $250,000 stuck in accounts with Silicon Valley Bank and nearly two dozen have more than $1 million tied with the lender, according to a survey by and among the startups seen by technewss, illustrating how the worst bank failure since the 2008 financ

Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental

Earlier this week, venture investors and startups ran from Silicon Valley Bank, a financial institution that started the week solvent and closed it being shut down by regulators. While its failure affects the accounts of startups and venture investors that banked with it, SVB's demise also has

Austin’s annual SXSW music, arts and tech festival officially kicked off today, and it’s already clear that there’s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB) and its repercussions. I arrived on the ground this morning, a

technewss is currently busy reporting the hell out of the SVB crisis, but as we sort out the competitive landscape and learn more about how founders and their VC partners are reacting, I have a question: How are startups going to pay for stuff while the mess is sorted out? According to the governm

I write this twice-weekly newsletter on a tight deadline, so when I saw a press release that started with “Silicon Valley Bank, Santa Clara, California, was closed today,” I realized I might need to pivot. To protect SVB's former customers, who have around $175 billion in deposits, the Fede

Sometimes, leaving stealth isn't your own choice: It's a force function of two of your largest competitors evaporating from the business, and the third triggering clients so much that there's a talk of a bank run. At least that's the case for Series CEO Brexton Pham, who has been bu

Hardware startups are hard, the saying goes, but it isn’t always obvious why they are hard. One of the core challenges is that it has traditionally been hard to do agile hardware product development — even if you get everything “right,” how do you know that people actually w

It's come down to this, startup fans. Today's the last day to beat the buzzer and claim the biggest discount on passes to technewss Disrupt 2023, taking place September 19–21. Here's a simple question: What the heck are you waiting for? technewss Disrupt 2023: Save now — go later

Yesterday morning, we had an inkling that the market was concerned about Silicon Valley Bank when its stock started dipping right after market open in reaction to the financial institution announcing late on Wednesday a share sale, an asset sale and an increase in its term borrowing. This column, a