Why is everyone talking about SVB? Here's all that you need to know

The startup world was thrown into chaos Thursday when a lender little-known outside of Silicon Valley sparked a wave of panic in tech circles that dragged down banking shares around the world.
 

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio. After that, things went rapidly downhill. So what does SVB bank do and why has it sparked panic? Here's everything we know right now — and what could happen next:

What’s happening at SVB?
 

Santa Clara-based SVB’s ordeal began after its parent company,  SVB Financial Group,