Special Episode: Navigating the Silicon Valley Bank Collapse Fallout
This is a special newsletter with news, context, and resources to support people teams and other leaders navigating the fallout from the collapse of SVB.
The past 24 hours sent shockwaves across the startup ecosystem.
One of the largest banks that cater to venture-backed companies, Silicon Valley Bank, collapsed after a run on withdrawals following concerns of stability.
The impact of SVB’s demise will have a direct and indirect impact across a range of markets and companies.
What does this all mean?
This is a fast-moving situation with a range of potential outcomes (and few firm answers).
I’m still making sense of it. Many companies, and their employees, will be seeking answers.
Does SVB hold our money?
Will we make payroll?
Will there be layoffs or furloughs?
In an effort to support HR and people teams as we navigate the fallout from SVB’s collapse, I created an open-source resource with a curation of articles, resources, and templates.
This news is developing hour by hour so I’ll continue updating the resource to help the HR and people community understand what’s happening and support their teams through it. You can find it below.
Are there resources you found helpful that should be included? Add them in the comments below.