regulatory filing

It is reported that after the bank of Silicon Valley announced its bankruptcy in a flash on March 10, it triggered a severe shock in the capital market. Investors are paying high attention to the possible chain reaction caused by the event. Lise Buyer, a senior adviser to the US IPO and founding partner of Class V Group, said that if the Silicon Valley Bank could not be rescued at the weekend, 80% of the startups supported by venture capital would be affected to varying degrees. Relevant regulatory filing documents show that as of December last year, more than 95% of deposits in Silicon Valley banks had not been insured, and many of these depositors were start-up companies. The market is worried that because enterprises may not be able to pay wages this month, this will in turn trigger a wave of large-scale closures and layoffs in the technology industry. (I) International investors: Silicon Valley Bank may affect 80% of…

On March 11, less than two weeks before the Bank of Silicon Valley disclosed its massive loss, Chief Executive Officer Greg Becker sold $3.6 million of company…