If it was not apparent by 2022’s sharply decrease monetary outcomes for many tech corporations, the stunning collapse final week of Silicon Valley’s go-to financial institution marked the bitter finish of the final decade’s huge tech increase.
The close to Lehman-like collapse of Silicon Valley Financial institution final Friday was a large blow to the startup and enterprise capital ecosystem, the place new concepts and corporations come from. And earlier this week, extra layoffs and restricted hiring at Meta Platforms Inc. META and Apple Inc. AAPL, respectively, pointed to a doubtlessly longer…
