Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy

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Happy Friday Crunch!
There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the United States, Haje writes on TC+. It turns out that it’s possible to manufacture closer to home. With supply chains in the news more than ever, “nearshoring” is an oft-overlooked option for startups.
On that note — we’re going to drink a b

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