Description: Young companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll.
Source: NYTimes.com
Date: Mar 10, 2023
Link: https://www.nytimes.com/2023/03/10/technology/silicon-valley-bank-fallout.html
Questions for discussion:
- What does the article say about the risks associated with banking, especially for small start-ups?
- How could start-ups mitigate this level of risk?