The Blubber

As of December, roughly 95% of Silicon Valley Bank's deposits were FIDC uninsured, per CNBC.

Notably, also, nearly half of all US venture capital-backed startups were involved with Silicon Valley Bank, per Bloomberg.

88% of Forbs' 2022 next billion startups are SVB clients, per their own home page.

44% of US VC-backed per their own website.

his list will be updated as more names are named.

Currently it is estimated that 50% of all US startups used Silicon Valley Bank.

Additionally, before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

Silicon Valley Bank has collapsed, the largest bank since 2008.

Silicon Valley was the 16th largest bank in the US, holding $210 billion in assets.

ilicon Valley Bank CEO Greg Becker gave a statement trying to calm investors and entrepreneurs on Thursday afternoon. The company didn't open for trading at 9:30 after its shares dropped by 62% premarket trading.

Becker: “My ask is to stay calm because that’s what is important... We have been long-term supporters of you — the last thing we need you to do is panic.”

The bank was reportedly in talks to sell itself, per David Faber, after it tried but failed to raise capital, per CNBC. A hired advisor was also hired by the bank to see if a potential sale would be possible. All those efforts failed.

SIVB is now federally controlled. Silicon Valley Bank, $SIVB, has been closed by regulators, which are now in charge of the bank’s deposits, according to a release sent out by the Federal Deposit Insurance Corporation, per TechCrunch.