In what could potentially be a revolutionary development, the Swiss energy and financial services firm Avalanche has announced plans to digitize all of the world’s assets on the blockchain. The company has stated that it envisions a future where all financial, legal, and contractual obligations are “digitally ruled and recorded” using blockchain technology. What this… Continue reading Avalanche wants to digitize all of the world’s assets on the blockchain
Category: financial
Are solo GPs screwed?
The lonely life of a solo GP (General Practitioner) has always been one of the toughest gigs in healthcare. Working long hours with little or no holidays while managing a wide range of medical problems, solo GPs are unsung heroes of healthcare. But despite the unrelenting demands, solo GPs were previously able to make a… Continue reading Are solo GPs screwed?
Silicon Valley Bank’s crash is providing valuable lessons all over the world
Silicon Valley Bank is one of the world’s most successful and largest independent financial services companies and is most well known for its partnerships with major Silicon Valley tech giants such as Google, Apple, and Microsoft. However, in 2017, the bank felt the effects of a major crash that had devastating repercussions for the company,… Continue reading Silicon Valley Bank’s crash is providing valuable lessons all over the world
OpenAI unleashes
OpenAI recently unveiled the GPT-4 artificial intelligence language model, sparking heated conversations within the tech industry and beyond. GPT-4 was designed to mimic the way humans generate text, and it can be used in a range of applications such as for creatively generating ideas and for summarizing longer documents. The possibilities of this technology have… Continue reading OpenAI unleashes
Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Silicon Valley Bank’s parent company, SVB Financial Group, announced yesterday that it has filed for Chapter 11 bankruptcy with just $2.2 billion in remaining liquidity. This news comes as a huge shock to the financial world, as SVB Financial Group had been seen as a major player in the industry and a reliable source of… Continue reading Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
When news of the global financial crisis began to hit Silicon Valley in the spring of 2008, venture capital firms felt the reverberations. But no firm felt the pressure more intensely than SVB Financial Group, a financial services company with a roster of venture capitalists who had been making big investments in startup companies for… Continue reading A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
Silicon Valley Bank’s New CEO to Clients: ‘We Are Conducting Business as Usual’
In recent news, Silicon Valley Bank announced that although current CEO Ken Wilcox is stepping down at the end of December, the company will still be conducting business in its usual manner under the direction of his successor. Since its founding in 1983, Silicon Valley Bank (SVB) has been a financial institution serving innovation and… Continue reading Silicon Valley Bank’s New CEO to Clients: ‘We Are Conducting Business as Usual’
The tech bank collapse of 2023
In the fall of 2023, one of the biggest tech bank collapses in United States history took place. The tech bank was a Silicon Valley firm that had quickly become one of the premier venture capital lenders in the Bay Area. Founded in 2016, it rapidly amassed a war chest of over $20 billion in… Continue reading The tech bank collapse of 2023
SVB Financial is also looking for a buyer for SVB Securities and its SVB Capital VC division
SVB Financial Group, one of the world’s leading financial services companies, is looking to divest its venture capital investment arm, SVB Securities, and its VC subsidiary, SVB Capital. After years of supporting entrepreneurs and fueling innovation in Silicon Valley, SVB wants to focus its energy on its core banking operations. SVB Securities and SVB Capital… Continue reading SVB Financial is also looking for a buyer for SVB Securities and its SVB Capital VC division
Silicon Valley Bank is being shut down today by regulators
Today, the Federal Reserve and other government regulators have announced that Silicon Valley Bank is to be closed down. Silicon Valley Bank is a large financial institution that has been providing banking services to the Silicon Valley area since 1996. It was one of the first banks in the country to specialize in tech-related banking… Continue reading Silicon Valley Bank is being shut down today by regulators