A group of venture capital firms is reportedly working to reclaim parts of Silicon Valley Bank. Companies in talks to preserve the failed bank — known for its service of tech sector clients — include General Catalyst, Andreessen Horowitz and Khosla Ventures, the Financial Times...
Before branded resale, third-party platforms like ThredUP, Vestiaire Collective, Poshmark and The RealReal dominated the pre-loved market — and fueled a global market value of $184 billion in 2022. The explosion of resale created a widespread adoption of peer-to-peer (P2P) selling and buying, extending the...
According to one recent analysis, 91 publicly listed FinTech companies burned through $12 billion in venture capital in 2022, and just 17 posted a net profit from those investments. If it sounds like a familiar story, then you’ve likely been through at least one market...
The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K. arm of the failed U.S.-based lender, for a token one pound sterling. The news came after the U.K. government, the...
Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12) auction, the Federal Deposit Insurance Corporation (FDIC) plans to try again, The Wall Street Journal (WSJ) reported Monday (March 13),...
Customers of Silicon Valley Bank started accessing their funds Monday from a new “bridge bank.” They encountered on-again, off-again connections with the bank’s portal but were able to get to their deposits eventually, The Wall Street Journal (WSJ) reported Monday (March 13). One startup executive...
Purchase orders, an often-overlooked step in the procurement process, is receiving renewed focus as companies seek to modernize their systems. As supply chain pressures begin to ease from their pandemic-ushered volatility, businesses across sectors are settling into longer-term planning when it comes to their procurement...
A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. The class-action complaint alleges that because of failure to disclose risk, the plaintiffs were damaged when SVB Financial Group sold its securities at “artificially inflated prices” and later released an...
From New York to Portugal, self-checkout is taking over the grocery industry. In Europe, cashier-less checkout technology provider Sensei recently announced the launch of the continent’s largest-yet autonomous supermarket, nearly 5,400 square feet, dubbed “Dojo” in Lisbon, Portugal. The store, created in partnership with Hewlett Packard Enterprise,...
