Banking
After a Frantic Week, Startup Founders Hope Their Banking Drama Is Over
8 days ago | By Observer
It has been a nerve-wrecking week for startup founders who had accounts with Silicon Valley Bank. After the regional bank's sudden failure March 10, many founders pulled their company funds out and moved them to other banks, some only to find themselves caught up in another a bank run as SVB's aftershock spread.
Lauren Wang, the founder and CEO of the Flex Company, a Los Angeles-based startup making feminine hygiene products, was one of the SVB clients who missed the last window to withdraw their money before the bank permanently shut down.
Wang was at a natural products conference near...
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