Silicon Valley’s surreal weekend
As Silicon Valley Bank collapsed before our eyes on Thursday, a founder told me that the world felt like it did when COVID-19 first bared its teeth. I scoffed at his analogy at first: are we really using a still
Deel makes over $120M of its own cash available to support customers affected by SVB crisis
Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has teamed up with
Silicon Valley Bank’s depositors will be fully protected, according to the Federal Reserve
The Federal Reserve issued a joint pair of statements on Sunday with one clear message: Silicon Valley Bank’s depositors, both insured and uninsured, will receive help in a manner that will “fully protect” all.
Sam Altman, Vinod Khosla say they’ll personally loan cash to startups in the wake of SVB collapse
Two of tech’s biggest entrepreneurs, OpenAI CEO Sam Altman and storied venture capitalist Vinod Khosla, are offering personal capital to startups on the brink of SVB collapse as their money remains locked up at
As the SVB auction continues, the sale of its UK arm bounces between potential suitors
In the US today, The Federal Deposit Insurance Corp. continued the auction process for the beleaguered Silicon Valley Bank, with final bids due by Sunday afternoon, according to Bloomberg. Any agreed sale may not be
FDIC auction for SVB assets said to be underway
An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg. Bloomberg says
Online education platform Kajabi helps creators earn money for sharing their expertise
Kajabi, the video education and web hosting platform for content creators to sell, manage and market online courses, announced today that its 60,000 creators earned a combined $5 billion in lifetime gross
Is generative AI really ready for the enterprise?
OpenAI released ChatGPT just a few short months ago, and it’s fair to say that it took the world by storm: It has over 100 million active users already. No wonder, when it can generate human-like, grammatically
We’re only beginning to see the impact of Silicon Valley Bank’s implosion
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the
Web of lies: Web3 isn’t the security fix-all you think it is
Advocates of web3 will tell you that the decentralized web brings greater resilience and security compared to Web 2.0 thanks to its underlying blockchain-based technology. Web 2.0, which first debuted in the early