Running a company:
2020: can you survive a pandemic?
2021: still here? we’re going to give all of your competitors $100m series A rounds.
2022: wow, you made it? okay, all engineers cost $600,000/year now.
2023: nice job! okay, we’re going to take away your bank account.
Silicon Valley Bank's customers withdrew $42 billion from their accounts on Thursday. That's $4.2 billion an hour, or more than $1 million per second for ten hours straight.
#SVBCollapse
Some resources in the #svb crisis:
@tranch_hq is offering credit lines to help minimize the impact of recent events on operational spend up to $500k to pay Supplier invoices including EOR
--->https://t.co/SeE1lAPBxY
@Nitrasocial is providing expedited underwriting for new credit lines and bridge loans outside
healthcare - up to $200k on card and more on a bridge loan.
---> https://t.co/ROEsZox1bY
@brexHQ is offering emergency bridge loans to qualified SVB customers to help minimize the impact of recent events on payroll and other operational spend.
---> https://t.co/b4gEm7KJJI
@join_arc is offering short term credit facilities / bridge loans (up to $250k or current cash position) to help founders make payroll and other working capital needs.
--->https://t.co/9uv2QyEpwQ
@Capchase is offering also financing for SVB affected startups
--->Reach out to them
By reinventing aviation, our world and its people will be vastly benefited from improved supply chain, more efficient logistics, and safer passenger flight.
Best of all, substantial operational growth at these airports is easily within reach: only 17 of all US airports are projected to be capacity-constrained by 2030.
At $1.3B, I think Amazon's acquisition of Zoox will eventually go down as one of the best value acquisitions of all time.
Live reveal happening in 20 min: https://t.co/AOWuLHFTge
After an epic road, the Zoox robot revealed in its natural habitat! To all crew: computer scientists, engineers, producers, supporters and especially for today, designers, well done and thank you for bringing a dream to the streets of San Francisco — soon for all to enjoy 💚🦾✨
Congratulations to R7 Partners’ portfolio company, Roam Robotics, for making the top five World’s Most Innovative Robotic Companies.
Helping people run faster and lift more weight is awesome, but helping those who struggle to wal…https://t.co/gyUsVGAVze https://t.co/eIwy1YNCej
R7 Partners portfolio company, AEye, Inc., just made the top 100 AI companies in the world. Well done, Luis Dussan, Blair LaCorte, Jordan Greene and team. 🚀 https://t.co/tR8U89PZkR
R7 Partners hosted its first Portfolio Showcase a few weeks ago and it was an amazing event. Over a hundred people attended, all who are continuing to share R7's mission to back the best entrepreneurs in the world. This video highl…https://t.co/uIQgoySheO https://t.co/HFSNytn4FP
Congrats to R7 Partners portfolio company AEye, Inc. and excited for them to continue leading the autonomous vehicle revolution.
#autonomousvehicles#selfdriving#lidar https://t.co/Ib3H4PzsiE