Fintech Horror Stories - The far-reaching impact of SVB’s collapse

The bank is now closed, but its loss is just beginning to impact startup employees (and more).

As we enter the weekend, the further/downstream fallout from SVB’s collapse is beginning to be felt. While a chain reaction of bank runs and a full-blown market breakdown have yet to occur and have likely been averted, there are microeconomic effects that folks are talking about, specifically payroll for those companies that banked with SVB (putting it …