A woman who was part of a line entering the Silicon Valley Bank's headquarters pauses for a selfie in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the banks collapse. Dozens of individuals waited in line outside the bank to withdraw funds. — AP
LIFE was already tough for startups.
Funding had dropped to the lowest in five years, venture capital (VC) investors were getting skittish, and wealthy angels started holding onto their cash instead of sharing it like candy.
