Over 100 venture capital and investment companies have reportedly signed a statement in favor of the collapsed Silicon Valley Bank, which was once owned by SVB Financial Group (NASDAQ: SIVB).
What Happened: As part of mounting industry calls to contain the impact of Silicon Valley Bank’s collapse, about 125 venture firms, including Sequoia Capital, signed the statement, Bloomberg reports, citing a person familiar with the matter.
See Also: Silicon Valley Bank Employees Offered 45 Days Of Employment At 1.5 Times Pay Following Collapse
Spearheaded by venture capital firm General Catalyst, the statement, which CEO Hemant Taneja shared on Twitter on …
