Silicon Valley Bank collapse a major threat to startups, says YC President Garry TanBy Tom / March 11, 2023 March 11, 2023 Silicon Valley Bank collapse is an “extinction level event” for startups, according to YC President Garry Tan. 30% of YC companies have been exposed to the troubled bank. These companies will not be able to make payroll in the next 30 days.
