As many of you may be aware, the recent collapse of SVB Financial Group has caused a major ripple effect in the global startup community. While we are happy to see the rescue plan put in place so fast by respective governments to avert an extinction level event, we are incredibly saddened to see this happen and we acknowledge the emotional toll it has taken on Founders, SVB customers and the SVB team themselves.
Our mission at SaaStock is to make a real, impactful difference in the lives of founders and the companies that make up the SaaS community. We recognize the importance of our mission now more than ever and would like to extend our help and support to anyone within the community who may need it.
Whether it’s lending an ear, offering advice or opening up our network and making introductions, the entire SaaStock team are here to help.
Additionally, we’ve compiled a few helpful resources for founders:
(Keep coming back to this resource piece as we’ll be updating it regularly)
News/Media resources:
SVB is largest bank failure since 2008 financial crisis
UK tech ecosystem reacts to the news of SVB UK’s acquisition by HSBC
Silicon Valley Bank’s Collapse Will Leave A Big Hole In The Startup World
A coordinated response to the Silicon Valley Bank’s collapse
SaaStock Webinar – Coming Soon!
Government resources:
UK Government & Bank of England facilitate sale of SVB UK
FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of SVB
Financial/Investment resources:
Capchase emergency payroll financing
Payhawk launches emergency credit line with zero interest for US and UK customers
Affected by SVB collapse? Here are some funding solutions to consider
Legal resources:
Addressing legal implications of the Silicon Valley (SVB) and Signature Bank Collapses
FAQ About the Silicon Valley Bank Situation in the US
SaaS Industry leaders’ thoughts:
Christoph Janz (Point Nine) on LinkedIn
Saravana Kumar (Kovai.co) on LinkedIn
If you or your company are able to offer resources to founders or support of any kind to the community, we’d love to include you and a method of contact for founders to get in touch.
