- Silicon Valley Bank collapse is an “extinction level event” for startups, according to YC President Garry Tan.
- 30% of YC companies have been exposed to the troubled bank.
- These companies will not be able to make payroll in the next 30 days.
Silicon Valley Bank collapse a major threat to startups, says YC President Garry Tan
- Silicon Valley Bank collapse is an “extinction level event” for startups, according to YC President Garry Tan.
- 30% of YC companies have been exposed to the troubled bank.
- These companies will not be able to make payroll in the next 30 days.
