Startups and investors cheered the U.S. government's promise this weekend to fully protect deposits after the Silicon Valley Bank collapse. But the move left many unresolved questions and challenges for the U.S. financial system and the tech industry.
Our guests on this episode of the GeekWire Podcast discuss their recent experiences and offer their informed opinions on what could come next. Speaking with GeekWire co-founder John Cook are: Kirby Winfield, founding general partner of Seattle venture capital firm Ascend; and Aviel Ginzburg, general partner at Seattle VC firm Founders’ Co-op.
They both reflect on what happened last week, explaining how they and their portfolio companies navigated the second-largest bank failure in U.S. history.
But most of the discussion focuses on how things could play out from here — including Ginzburg's concerns about the likely impact on venture debt due to the loss of Silicon Valley Bank, and Winfield's more optimistic hypothesis about the potential for recent events to set the stage for a venture capital rebound later this year.See omnystudio.com/listener for privacy information.