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Rising interest rates are putting VCs back in their lanes

par Alex Wilhelm | Mar 14, 2023 | EC Newsletter, EC venture capital, Startups, TechStars, The Exchange, Y Combinator

Amid the Silicon Valley Bank-led chaos of the last few days, Y Combinator made an intriguing announcement: It’s pivoting away from late-stage investing. It won’t be the last venture group to pull back from an expansion of its traditional investing remit....

Rising interest rates are putting VCs back in their lanes

par Alex Wilhelm | Mar 14, 2023 | EC Newsletter, EC venture capital, Startups, TechStars, The Exchange, Y Combinator

Amid the Silicon Valley Bank-led chaos of the last few days, Y Combinator made an intriguing announcement: It’s pivoting away from late-stage investing. It won’t be the last venture group to pull back from an expansion of its traditional investing remit....

Y Combinator cuts nearly 20% of staff, scales back growth stage investments

par Natasha Mascarenhas | Mar 13, 2023 | layoffs, silicon valley bank, Startups, SVB, SVB 2023, venture, Y Combinator

Y Combinator will be writing fewer checks for late-stage companies, a scale back that also cost 17 team members — or roughly 20% of the accelerator’s employees — their jobs, according to a statement released on Monday. The accelerator told TechCrunch that...

Yellen says government trying to help Silicon Valley Bank depositors but dismisses bailout

par Manish Singh | Mar 12, 2023 | Government & Policy, silicon valley bank, SVB, SVB 2023 crash, venture, Y Combinator

Treasury Secretary Janet Yellen said on Sunday that the U.S. government would not bail out Silicon Valley Bank, but is concerned about depositors reeling from what is the worst bank failure since the 2008 financial crisis and will try to help them. The sudden collapse...

Silicon Valley Bank collapse is impacting many Indian startups

par Manish Singh | Mar 11, 2023 | Asia, india, silicon valley bank, Startups, SVB, SVB 2023 crash, venture, Y Combinator

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked...

Silicon Valley Bank collapse is impacting many Indian startups

par Manish Singh | Mar 11, 2023 | Asia, india, silicon valley bank, Startups, SVB, SVB 2023 crash, venture, Y Combinator

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked...
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