At least for a while.

It’s also possible many startups lost the ability to meet payroll. Could have lots of repercussions depending on how the FDIC is able to unravel this and how quickly.

Also, SVB offered some fairly unique products and had an appetite for risk that matched the VC industry in Silicon Valley. They also had some offerings that were very particular to the way VCs and startups have operated for decades. It’s unclear if the VCs will be able to replace this going forward or how that will change the industry.