More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers
"But more than 85% of the bank’s deposits were uninsured, according to estimates in a recent regulatory filing. That’s because FDIC deposit insurance is meant for everyday bank customers and maxes out at $250,000. Many Silicon Valley startups had millions, or even hundreds of millions of dollars deposited at the bank—money they used to run their companies and pay employees. Right now, nobody’s sure how much of that cash is left.
https://time.com/6262009/silicon-valley-bank-deposit-insurance/
SVB - lending into Israel
"Silicon Valley Bank is not supervised by the Supervisor of Banks in the Bank of Israel but by the US Federal Reserve Bank and the California Department of Financial Protection and Innovation (DFPI)."
https://www.svb.com/israel
Silicon Valley Bank Tanked, Dragging Down 500 Israeli Startups (shout out to anon from past bread - I lost the post)
https://www.jewishpress.com/news/israel/silicon-valley-bank-tanked-dragging-down-500-israeli-startups/2023/03/10/
Unicorn-nation: how Israel became a production line for companies valued at over $1 billion
"Covid-19 gave the boost - and Israel has become a production line for unicorns that are rapidly reaching the coveted IPO. With some of these tech companies starting to reach a value of $10 billion, Israeli companies are no longer in a hurry to leave overseas in an attempt to establish their status and they continue to conduct their operations from within Israel.
Special project: Israel's complete list of unicorns"
https://100-2020.webflow.io/unicornes-eng
Fake ‘Unicorns’ Are Running Roughshod Over the Venture Capital Industry
https://nymag.com/intelligencer/2018/11/fake-unicorns-are-running-over-the-venture-capital-industry.html