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> Were there a higher percentage of Israeli startups than startups from other nationalities? I'm not sure I see the point of this submission vs the sea of other
by TMWNN 4y ago
> Were there a higher percentage of Israeli startups than startups from other nationalities? I'm not sure I see the point of this submission vs the sea of other SVB threads on here over the last few days.
There's nothing unusual about highlighting regional coverage of a topic, and said regional coverage is going to have a regional focus.
California companies affected by SVB's collapse are getting all the attention, but this is more evidence that it may have even more impact outside the US. British examples:
"'We can’t make payroll': scores of London tech firms in cash crisis amid Silicon Valley Bank collapse" <https://np.reddit.com/r/unitedkingdom/comments/11olit9/we_cant_make_payroll_scores_of_london_tech_firms/ https://np.reddit.com/r/unitedkingdom/comments/11olit9/we_ca...>
"Silicon Valley Bank collapse: UK tech firms at 'serious risk' from failure, warns Chancellor Jeremy Hunt" <https://np.reddit.com/r/unitedkingdom/comments/11pck3w/silicon_valley_bank_collapse_uk_tech_firms_at/ https://np.reddit.com/r/unitedkingdom/comments/11pck3w/silic...>
Hunt's comments are much more serious than what Janet Yellen has been saying. Perhaps UK startups had no alternatives to SVB UK, while in the US there were and are other banks willing to take on unprofitable companies as clients?