Shares in Silicon Valley Bank, a pillar of finance for the nation’s startup sector and technology companies, plunged 60% on Thursday, triggering a wider tumble for bank stocks and also reportedly igniting a wave of withdrawals by customers – including startups.
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Word of Silicon Valley Bank’s meltdown spread like wildfire through the Triangle’s startup community on Thursday with entrepreneurs scared about what to do with their money. A top Triangle investor explains what unfolded with his clients.
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Triangle biopharma Liquidia has doubled the size of its credit facility to $40 million after naming a new chief executive officer. Here are the details.
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Verona Pharma, which has its US headquarters in Raleigh, has lined up $30 million in financing from Silicon Valley Bank. We’ve got the details.
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With U.S. healthcare venture fundraising on pace to closely match its 2017 record of $9.1 billion, already hitting $4.5 billion mid-year, many analysts say the IPO market – with its sky-high valuations – is getting frothy.
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Want to know more about the trends behind the latest eye-popping venture capital numbers? Join us Thursday, August 2, for a full report from Silicon Valley Bank, one of the authors of the Venture Monitor report.
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