What Does SVB’s Sale Mean for Startups and VC Funds In Latin America?
What Does SVB’s Sale Mean for Startups and VC Funds In Latin America?
Technology

What Does SVB’s Sale Mean for Startups and VC Funds In Latin America?

First Citizens’ purchase of Silicon Valley Bank’s assets will unlikely avoid a change in the risk model adopted by startups in the region, according to experts consulted by Bloomberg Línea

US bank First Citizens bought Silicon Valley Bank after the so-called ‘startups’ lender’ collapsed and was intervened by the FDIC. But even with the sale of the SVB’s assets, the traditional path of Latin American startups and venture capital funds of having their money entrusted to SVB will now change.

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