Hi folks, Kylie Robison from the tech team here. I’m at ground zero for tech-branded apparel, also known as South by Southwest (SXSW). Just as the party is getting started here in Austin, Texas, the toast hit the floor, marmalade-side down.
Silicon Valley Bank, one of the most prominent lenders and banks in the private market ecosystem, went belly up on Friday forcing the Federal Deposit Insurance Corporation (FDIC) to take over. The dramatic ending to the backbone of the Silicon Valley startup ecosystem just before SXSW’s weekend festivities kicked off is likely going to lead to a shortage of martinis in the city.
