In March, the U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corp. said they would fully backstop the deposits of Silicon Valley Bank. That decision not only rescued hundreds of startups, it also helped out several much larger companies and venture capital firms. The prestigious VC firm, Sequoia Capital, for example, had $1 billion deposited in uninsured SVB accounts at the time the...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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