Bay Area's Black Swan Moment

Silicon Valley Bank, the darling of the tech ecosystem, has collapsed, leading to chaos. What lies ahead?

- SOHINI MITTER

FOR THE GLOBAL start-up and venture capital VC) community, it was a chaotic weekend. After Silicon Valley Bank SVB)—the trusted banking partner of the tech ecosystem—went down on March 10, with the Federal Deposit Insurance Corporation FDIC) seizing its assets, scores of founders and investors who had hundreds of millions of dollars locked into deposits, scrambled to make sense of it all.