A police officer controls an access to a branch of Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder
March 13 - Venture capital firms are working on a "long-shot plan" to preserve parts of Silicon Valley Bank in a move to keep servicing their clients in the technology sector, the Financial TimesA group of several VC firms are in talks since late last week about how to enable SVB to continue lending to, investing in and advising companies and executives in the sector, the FT reported, adding General Catalyst, Andreessen Horowitz and Khosla Venture are among the firms involved in talks.
Awesome. If they can get passed the government
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: