Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank. SVB Financial Group, the parent company of Silicon Valley Bank, lost more than 60% of its value on 9 March. Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling […]
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank.
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance sheet spooked investors. The warnings arise as startups in the industry look for viable banking options.
Pantera Capital, a hedge fund and venture investor, is advising portfolio companies to look into multiple accounts, according to a spokesperson.
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