- Silicon Valley Bank's collapse has prompted a global reckoning.
- SVB provided services to 44% of venture-backed tech companies that went public last year.
- US financial regulators have laid out a plan to protect depositors' funds.
- Private equity firms have invested $6 trillion in US economy since 2007.
- Venture capitalists, founders and executives developed plans for startups with tied-up funds.
Business — Financing — Wealth — Monetary Policy — Economics — Investment
SVB’s Failure Exposes Lurking Systemic Risk of Tech’s Money Machine
The collapse of Silicon Valley Bank has prompted a global reckoning at venture capital and private equity firms, which suddenly found themselves exposed to the tech industry's money machine. US financial regulators have laid out a plan to protect depositors' funds.