It remains to be seen how existing SVB loan facilities will be treated and to whom they will be assigned, but the real question is who, if anyone, will fill the large void left by SVB?
SVB's collapse has left entrepreneurs unsettled due to its role in the int'l start-up community. What will this mean for the Start-Up Nation?
The move to seek bankruptcy protection comes after the company said on March 13 it was planning to explore strategic alternatives for its businesses.
Signature Bank was closed two days after Silicon Valley Bank's collapse.
"The key event of the week is Friday's central bank rate decision, where we do not expect to change, with the hawkish rhetoric to remain," said Dmitry Polevoy, head of investment at Locko-invest
US regulators on Sunday stepped in after the collapse of SVB - the largest US bank failure since 2008, which suffered a run after a big hit on a portfolio of bonds.
Biden on Sunday hinted at new regulation of big banks after the biggest US bank failure since the 2008 financial crisis, but faces a divided Congress.
The lesson from this should be that despite domestic turmoil or geopolitical threats faced, Israeli entrepreneurs are safer with their money at home
Experts warned that following the collapse, Israeli startups will face decreased valuation and increased competition for funding.
Israel's tech sector is the country's main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed.
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