💰 Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday

TL;DR

Hundreds of startups face a massive cash crunch if the search for a buyer for Silicon Valley Bank drags into next week. In a tweet, startup accelerator Y Combinator's CEO Garry Tan said SVB's collapse was "an *extinction level event* for startups and will set startups and innovation back by 10 years or more.  "It is a million times better to go that direction, so that is what they will be focused on this weekend," she said

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