How founders are reacting to Silicon Valley Bank’s collapse

Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter about Silicon Valley Bank in a YC founder WhatsApp group. 
The conversation was related to an article published that day about SVB’s plan to launch a $2.25 billion share sale and an agreement by General Atlantic to buy $500 million of the bank’s common stock in a separate private transaction.
Seltz-Axmacher, as well as hundreds of other founders, couldn’t have predicted what would transpire over the next 36 hours. “There were maybe three to five pe

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