It turns out that reducing burnout at startups is more aspiration than reality

It’s not everyone day when banking news is the biggest story in the startup world, but here we are. Yesterday, formerly crypto-friendly Silvergate Bank announced that it would be “ceasing operations and voluntarily liquidating.”

The company’s shares have come under massive pressure in recent months, exacerbated by a note from the bank on March 1 that its earnings data would be delayed due to possible internal control issues. It was also under regulatory investigation.

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But that’s not it new big banking news is making waves in startup circles.

Silicon Valley Bank (SVB), a well-known technology institution that works with venture capital firms and startups alike, announced that it is raising capital through the sale of shares (among other mechanisms), taking a fee of 1.8 billion of dollars to sell. of low-yielding assets and double the long-term loans.

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