Earlier this week, venture investors and startups ran from Silicon Valley Bank, a financial institution that started the week solvent and closed it being shut down by regulators. While its failure affects the accounts of startups and venture investors that banked with it, SVB’s demise also has an impact on another service startups frequently used…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management…
This non-wearable sleep tracking gadget is seeing a rare discount…
Ryan Gilbert, the founder of venture capital firm LaunchPad Capital, talks about the failure of the bank that used to be the go-to lender for tech firms…
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to strengthen its balance sheet, and startup founders were beginning to fear that their deposits at the tech-friendly, 40-year-old institution were at…
Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental toll: It’s turning to Running Tide to…
Share to FacebookShare to TwitterShare to Linkedin Holographics head-up display developed by UK-based Envisics. Envisics The latest rage in vehicle head up displays features stunning alternative reality holographic images and a British company specializing in that technology has attracted a multi-million windfall from a group that includes a tier one supplier and investment arms of…
Some of Silicon Valley Bank’s customers are struggling to transfer funds out of their bank accounts, numerous sources tell TechCrunch. The seeming wave of attempted withdrawals comes after SVB announced yesterday that it lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates.…
Amazon is offering a rare 75% off immediate discount and an additional $20 coupon on this power whall Cordless Vacuum Cleaner…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello crunchers! Christine is off for a few days, which means you’re stuck with just me. Prepare for awful puns and worse jokes. Oh yes. But before we start the pun-ishment, let’s…