seach-icon
  • user-img

    Vikshita Vitthal Gujaran in News

    13-Mar-2023 07:03 AM


    thumbnail

    Venture capital loses its relevance after Silicon Valley Bank fiasco

    Before the US regulators stepped in Sunday to backstop all SVB deposits, many startups were at the brink of closure. If you are an entrepreneur who specialises in artificial intelligence or rocket launches, chances are, you are not familiar with how banks work, or know what a held-to-maturity portfolio means.
    The spectacular fall of SVB Financial Group, whose Silicon Valley Bank did business with almost half of all US VC-backed startups, is raising an uncomfortable question: Does venture capital still offer value?
    A lot of the world’s wealthiest are first-generation entrepreneurs themselves.
    Startup founders might as well go straight to Jeff Bezos instead.
    Views are personal, and do not represent the stand of this publication.

    Source - Money Control