The collapse of Silicon Valley Bank has left start-ups scrambling to find emergency loans and pay staff as founders fear being held personally liable for unpaid wages.
The bank’s closure on Friday has locked in client deposits, the vast majority of which are uninsured, and starved start-ups of funds to cover basic operations.
“We’ve had companies doing an RIF [reduction in force], saying ‘You’re not working here on Monday’. They might hire them back, but if it takes three to six months to get your deposits then they need to act now,” said Matt Cohen, founder of the early-stage venture fund Ripple Ventures.
您已阅读20%（613字），剩余80%（2497字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。