We will be live-updating this story as new developments emerge.
Watch for updated details coming from our news team and social media throughout the weekend and into next week.
The Wall Street Journal produced a Q&A.
Reuters added an explainer to their main news story.
Watcher.guru points out that BlockFi has $227 million in SVB.
JUST IN: BlockFi #crypto bank has $227 million in now-collapsed Silicon Valley Bank.
— Watcher.Guru (@WatcherGuru) March 10, 2023
Vox does a backgrounder on SVB.
Om Malik wishes someone with heavy hands could bang the table for Silicon Valley Bank.
It is clear that @POTUS @USTreasury + others in Washington DC don't realize that one true sector where America leads the planet is at risk as a result of @SVB_Financial situation. I wish we had a leadership in Silicon Valley that can pound the table about the situation on hand!
— OM (@om) March 10, 2023
Dan Primack calls on VCs to respond on Twitter.
This is a very important moment for VCs to prove their worth. That fabled “value-add.”
If a VC fund has access to capital (ie not tied up in Svb), it can offer now to front the 3/15 payroll, if it proves necessary.
Lowercarbon just did this, per letter to founders. Who’s next?
— Dan Primack (@danprimack) March 10, 2023
A detailed summary from Matt Levine on the SVB collapse.
Here is our updated story as of March 10 at 4 p.m.
Silicon Valley Bank: Closed by regulators to protect deposits
