IN BUSINESS PHX: SVB Collapse Impacts Arizona Entrepreneurs

The recent collapse of Silicon Valley Bank (SVB) created major buzz and worry in the eyes of many entrepreneurs. It was one of the largest bank failures since the Great Recession, and Silicon Valley Bank was the bank of choice for many venture capitalists and startups. The bank, which had significant relationships with venture-backed companies and had a strong reputation for working with businesses that were female- and BIPOC-owned, has greatly impacted minority entrepreneurs across the nation, including Arizona. The ripple effect of the bank closure has impacted minority entrepreneurs by creating… read more >