Brazilian Startup Founder Describes ‘Most Chaotic Day of My Life’ as SVB Collapses — Alexandre Maluli, CEO of Zazos, withdrew more than 1 million reais from Silicon Valley Bank hours before it collapsed - Justin Sullivan

Technology

Brazilian Startup Founder Describes ‘Most Chaotic Day of My Life’ as SVB Collapses

Alexandre Maluli, CEO of Zazos, withdrew more than 1 million reais from Silicon Valley Bank hours before it collapsed

Bloomberg Linea

14.Mar.2023 13:55 BRT

Human resources management startup Zazos’ CEO Alexandre Maluli was warned by another fellow entrepreneur to withdraw funds from Silicon Valley Bank (SVB) just hours before the bank collapsed, and that changed everything, Maluli recounts.

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