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Over 100 VCs, investors voice solidarity with Silicon Valley Bank

Published 03/12/2023, 04:32 AM
Updated 03/13/2023, 06:40 AM

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operations, numerous venture capitalists (VCs) and investors joined hands and decided to cushion the impact in case the bank “were to be purchased and appropriately capitalized.”

Approximately 125 VCs and investors signed a statement supporting SVB to limit the fallout of the bank’s collapse and the subsequent impact on tech companies. The venture firms included Sequoia Capital and General Catalyst.

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