With the fallout from Silicon Valley Bank, it seems like having an acurate view of risk, business impact analysis and crisis comms plan will be useful, esp for early startups with a lean team. We can help Schedule 20 minutes to understand your exposure to risk and crisis posture
We can help Schedule 20 minutes to understand your exposure to risk and crisis posture – Select a Date and time – Calendly
The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.
At ILLÜM Advisors we believe that IT should accelerate your business, not be a problem that slows it down.
This is why we deliver IT Security, IT Transformation, Project Management, Business Intelligence, and Leadership, leveraging and optimizing existing IT teams, for organizations who simply cannot afford to waste time and budget.
According to press releases from regulators, the California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from SVB…. Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis (msn.com)
Silicon Valley Bank, a lender to some of the biggest names in the technology world, did just that on Friday, becoming the largest bank to fail since the 2008 financial crisis. The move put nearly $175 billion in customer deposits, including money from some of the biggest names in the technology world, under the control of the Federal Deposit Insurance Corporation.
Silicon Valley Bank Fails After Run by Venture Capital Customers – The New York Times (nytimes.com)
At ILLÜM Advisors we believe that IT should accelerate your business, not be a problem that slows it down.
This is why we deliver IT Security, IT Transformation, Project Management, Business Intelligence, and Leadership, leveraging and optimizing existing IT teams, for organizations who simply cannot afford to waste time and budget.
We can help Schedule 20 minutes to understand your exposure to risk and crisis posture
