Silicon Valley Bank and Utah
Utah Companies Affected by Silicon Valley Bank So Far
This is what we know so far.
Half of all Venture Capital Startups were Effected?
There are 510 startup companies in Utah that were founded in 2014 or later. If half of them are in trouble, that’s 255 companies. There are a total of 960 Tech Companies in Utah. This current event is the beginning of the liquidity crisis for all these companies. Far more than 11.2% are of Utah’s Economy will be affected as other banks follow suit.
Why the Entire US Banking System is in Trouble
I will explain this in my next article….