VC Funds in LatAm Urge Startups to Use Caution Amidst SVB Downfall
Brazilian founders of startups that receive investment from foreign venture capital traditionally opened an account at SVB - David Paul Morris
Business

VC Funds in LatAm Urge Startups to Use Caution Amidst SVB Downfall

While firms in Brazil advise founders to withdraw their money from the embattled bank, funds in Mexico are on high alert

Brazilian venture capital managers such as Canary and Upload Ventures have advised founders of startups in their portfolio to withdraw all the money they have (or had) in Silicon Valley Bank (SVB), in the face of fears the U.S. bank will run out of liquidity, people told Bloomberg Línea on condition of anonymity because conversations were private.

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