A year later, lessons from SVB’s epic collapse

Moving on: A customer leaving the SVB headquarters in Santa Clara, California. The bank is adopting an approach to win back the trust of its clients. — Reuters

MARCH 10, 2023, should’ve been a day to celebrate for Eric Vogel.

He was about to sign a funding deal for his recycling startup, Circularr, after five months of due diligence. The investor just wanted to talk to one last reference, a formality before the deal closed.