Vancouver tech responds to Silicon Valley Bank collapse
Hear from local startups impacted by the loss of the bank: “This is shining a light into one of many glaring holes in our venture innovation ecosystem here in Canada.”
This weekend was a tumultuous one for Vancouver clients of Silicon Valley Bank. The de-facto American startup bank shut down on Friday, which left anyone who held capital with the institution uncertain about what would happen to their funds — especially beyond the $250,000 insured by the U.S. Federal Deposit Insurance Corporation (FDIC).
As of Monday, th…