March 12, 20230CommentsSources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it’s possible that no deal will be reached (Matthew Monks/Bloomberg)
March 12, 20230CommentsPredictive analytics could be the future, but we must solve the data problem first
March 12, 20230CommentsA look at the unusually high executive turnover at Apple, which has lost 11 key people just below the Senior VP level, since the second half of 2022 (Mark Gurman/Bloomberg)
March 12, 20230CommentsUS Treasury Secretary Janet Yellen on SVB: we are trying to meet the needs of depositors, but are not looking to bail out investors and owners of large banks (CBS News)
March 12, 20230CommentsSources: the UK is seeking a buyer for the British arm of SVB, which had ~£7B in deposits on Friday, with an UAE-based company as the “lead white knight” (Financial Times)
March 12, 20230CommentsA look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 (Ben Cohen/Wall Street Journal)
March 12, 20230CommentsMore than a bailout, SVB needs a white knight, someone who can come in and take over the bank that has been at the heart of the US innovation economy (Om Malik/On my Om)
March 12, 20230CommentsSources: Tim Cook is pressing ahead with the MR headset debut this year, overruling designers’ objections, and Apple expects to sell ~1M units in the first year (Financial Times)
March 12, 20230CommentsSVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act (Bloomberg)
March 12, 20230CommentsWorried that cloud giants offer concentrated targets, the US plans to regulate the security practices of cloud providers like Amazon, Microsoft, and Google (John Sakellariadis/Politico)
March 12, 20230CommentsSources: the FDIC is racing to sell SVB’s assets and make 30% to 50% or more of clients’ uninsured deposits available as soon as Monday (Bloomberg)
March 11, 20230CommentsIn an email to sellers, Etsy warns that the SVB collapse is causing delays in processing payments; one seller says it would be “catastrophic” for his business (Rob Wile/NBC News)