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.

March 13, 2023 . 10:37 AM

1 min read

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.