Healthcare Press

LPs are divided on how VCs responded to the SVB crisis

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Health Health Headlines News

Investors in venture funds reveal how they felt VCs handled the Silicon Valley Bank fallout: one was privately frustrated, while another was impressed

, or the largely secretive investors who bankroll venture capitalists and their funds.

But after last week's bank run on Silicon Valley Bank, caused in large part by warnings from several prominent VCs to their portfolio companies to get their money out of the bank, LPs have mixed feelings about how it all went down. "I think what it points out is that VCs, as well as entrepreneurs, didn't know the risks associated with having cash at one bank," said the LP."I think that's going to create changes in operations."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Founders and VCs share why they're sticking with the failed SVBFounders and VCs reveal why they're sticking with the failed Silicon Valley Bank, at least for now: 'We owe them to keep them healthy'
Source: BusinessInsider - 🏆 729. / 51 Read more »