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Silicon Valley Bank: How its shutdown impacts startups

The collapse of Silicon Valley Bank (SVB)* has been described as the largest US bank failure since the Global Financial Crisis in 2008. The 40-year-old establishment, renowned for banking nearly half of all US venture-backed tech startups, experienced a meteoric fall earlier this month, and its rapid unravelling has left the venture capital and startup communities reeling.
We outline some of the main reasons for its collapse and its impact on the startup ecosystem.

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