First Citizens to acquire failed Silicon Valley Bank

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First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…

Why this round of tech-optimism feels different

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One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of an midrange iPad often complete with a physical keyboard, utterly fascinated me back around 2006. At that time…

The tide has shifted for solo GPs

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Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It’s hard to be proactive after the tide has already shifted. However, that’s what we’re seeing happen in the solo GP world, where investors, hearing…

Are solo GPs screwed? | TechCrunch

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Entrepreneur Ankur Nagpal raised a $70 million venture fund last year, called Vibe Capital, from over 200 investors. But now, as the market shifts and LPs are less interested in venture capital, the Ocho founder is shrinking the fund side by roughly 43%, canceling capital calls, and, ultimately, sending back money that had already been…