Venture firms are advising portfolio companies to move money out of SVB

Some venture capital firms, including some of the biggest names in the game, are advising their portfolio companies to remove money out of Silicon Valley Bank after the storied bank announced this morning that it intended to sell shares in pursuit of more capital.
Silicon Valley Bank’s shares are tanking as a mess unfolds
A number of investors fear a bank run — meaning that enough startups will withdraw their capital at SVB, a situation in which the financial institution could wind up upside-down in terms of deposits versus demand for those funds. (Bank runs are often ironic in that they can

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