SxSW Report: Why MSPs Should NOT Be Scared of SVB
Just over a week ago, Silicon Valley Bank (SVB) was placed in FDIC receivership and essentially failed. The long-time financial institution is best known for financing technology startups and providing banking services to Venture Capitalist (VCs). MSPs can take a deep breath and exhale their anxiety for now. Read on.
I recently attended the famed South-by-Southwest (SxSW) conference in Austin and one of the tracks I participated on was the startup track. SxSW is known as a startup conference amongst other offerings. And as SVB was failing in real-time during the conference, you can imagine it was the buzz, as seen in the pic of a Sunday afternoon venture capital panel.