I'm in an industry that deals pretty closely with places that had the majority of their cash in SVB. People talking about missing payroll, only having a couple months of remaining runway, or going under completely. Feels like we might be entering the cool zone really quick next week depending on how this plays out
The amount of finding that vanished for startups and smaller tech companies after the crypto crash was bad and now this. There's gonna be a lot more tech shops shutting their doors shortly I suspect.
Hopefully :biden-leftist: and :amerikkka: :brrrrrrrrrrrr: can minimize the ripples since they are stepping in before shit really started to hit the fan, but if things don't go well with that we could be in for the recession that looked to be on the horizon years back
I'm in an industry that deals pretty closely with places that had the majority of their cash in SVB. People talking about missing payroll, only having a couple months of remaining runway, or going under completely. Feels like we might be entering the cool zone really quick next week depending on how this plays out
The amount of finding that vanished for startups and smaller tech companies after the crypto crash was bad and now this. There's gonna be a lot more tech shops shutting their doors shortly I suspect.
Hopefully :biden-leftist: and :amerikkka: :brrrrrrrrrrrr: can minimize the ripples since they are stepping in before shit really started to hit the fan, but if things don't go well with that we could be in for the recession that looked to be on the horizon years back