After Silicon Valley Bank Fails, Tech Startups Are Rushing to Meet Payrolls

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Tech startups and other businesses lined up after hoarding sources of cash for payroll and other immediate needs Silicon Valley BankLong a linchpin of tech financing, when it was locked

Federal authorities took control Friday morning.

The bank’s sudden collapse fueled uncertainty among many founders about the immediate of their businesses, and further fueled a startup sector that is grappling with a sharp downturn venture funding and macroeconomic woes. According to longtime startup investors, its demise will likely mark a shift away from the high-risk and aggressive growth strategies that began during the decades-plus bull market that ended last year.

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