Walking through Roku City on Sunday afternoon, you'd hardly know the namesake company was having an unusually stressful weekend.
Sure, the faux metropolis — a several-story re-creation of Roku's beloved screensaver, set up in the heart of downtown Austin for the city's tech and culture extravaganza South by Southwest — had its share of problems. A massive robot rampaged through one part of the installation; a kraken's tentacles rose menacingly from the sea in another.
But nothing served to suggest that Roku, a San Jose-based streaming and hardware giant, had just watched millions of dollars potentially disappear into thin air. According to a regulatory filing, the company had $487 million, or about a quarter of its cash, saved in Silicon Valley Bank — the tech-world lending mainstay that failed, spectacularly and unexpectedly, late last week.
