))
Episode 7: Silicon Valley Bank – The Fallout and the Silver Lining
Manage episode 358817936 series 3447609
Content provided by Altitude Accelerator. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Altitude Accelerator or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The failure of Silicon Valley Bank (SVB) flooded our attention this past week. The Twitter Run on the 18th largest bank in the US followed with a weekend frenzy for regulators announcing they were willing to backstop all deposits over and above the initial FDIC threshold of $250K. To underscore the importance of this event, by the end of 2022, SVB had $209 billion in assets. It was a “lone source” of support for startups in Silicon Valley. The pace to remediate this potential contagion and calm the markets has been swift. The ripple effects continue to be felt, including here in Canada. What are the implications to startups in Canada – on their business, the economic outlook in the coming months? More importantly, is there a silver lining in all of this?
We welcomed Steve Foerster, Finance Professor, Ivey Business School, Western University; Paul Barter, Entrepreneur in Residence, Altitude Accelerator; and Andrew Opala, Board Member, Altitude Accelerator and General Partner, Preference Capital, who tackle the questions to which startups have been seeking answers.
Subscribe to Tech Uncensored on Youtube
Subscribe to our Weekly Tech Uncensored, LinkedIn Live Newsletter
Register and gain access to advisors, programs, and our extraordinary network
Follow us:
Connect with Altitude Accelerator on LinkedIn
Follow Altitude Accelerator on Twitter
Like Altitude Accelerator on Facebook
56 episodes
Share
