Implications for VC and PE firms following SVB collapse (Law360)

In the wake of SVB’s failure, many VC and PE firms are scrambling to establish other bank accounts vital to operating their businesses and funding the companies they back. Despite the Federal government stepping in to backstop deposits, many questions for the industry remain. In the lead quotes, FrontLine’s Founder and President Amy Lynch explains that the situation will hit those firms the hardest that are in their fundraising stage. She further comments that the growth of the VC industry during the past 10 years may cause a more systemic impact and difficult environment. See Law360 (subscription required), “SVB’s Swift Demise Unsettles The Private Financing Sector”