Where will startups turn to now that the Silicon Valley Bank is gone?

Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared

Life was already tough for startups. Funding had dropped to the lowest in five years, venture capital investors were getting skittish, and wealthy angels started holding onto their cash instead of sharing it like candy. Then Silicon Valley’s own bank shut its doors, halting payrolls and forcing founders to stop managing their businesses and focus on the only thing that matters: cashflow.
 

When the nexus of entrepreneurship woke Monday morning after a weekend full of uncertainty, they learnt that while Silicon Valley Bank may not be saved, the deposits it held are safe. That doesn’t mean countless fledgling companies are,