SVB Collapse: What Should Startups Do Now?

The collapse of Silicon Valley Bank (SVB) has caused major upheaval in the startup landscape. A venture capitalist who oversees 250 portfolio companies—many linked to SVB—reports a wave of anxiety and uncertainty. Startups are primarily worried about their payroll and working capital, with many facing potential cash flow challenges in the short term. While early-stage companies seem to be somewhat insulated, the overall outlook is still unclear. This situation underscores the critical need for venture capitalists to offer immediate support and maintain open lines of communication with their portfolio companies. Ultimately, it emphasizes that the value of VCs goes beyond just financial backing, especially in trying times.