{"id":80670,"date":"2023-03-11T00:36:39","date_gmt":"2023-03-11T00:36:39","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/11\/brazilian-startups-hastily-withdraw-hundreds-of-millions-of-dollars-from-svb\/"},"modified":"2023-03-11T00:36:39","modified_gmt":"2023-03-11T00:36:39","slug":"brazilian-startups-swiftly-withdraw-tons-of-of-tens-of-millions-of-dollars-from-svb","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/11\/brazilian-startups-swiftly-withdraw-tons-of-of-tens-of-millions-of-dollars-from-svb\/","title":{"rendered":"Brazilian startups swiftly withdraw tons of of tens of millions of {dollars} from SVB"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_95\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>Founders of Brazilian startups drew tons of of tens of millions of {dollars} from Silicon Valley Bank (SVB) on Thursday (9) after the financial institution launched a US$2.25 billion inventory sale to bolster its stability sheet and mitigate the consequences of falling deposits from startups struggling for money at a time of scarcer capital for enterprise and know-how property.<\/p>\n<p>SVB shares plummeted about 60% on Thursday on the Nasdaq; and retreated greater than 20% in after-hours buying and selling.<\/p>\n<p>A financial institution targeted on serving early-stage startups, SVB is a reference for know-how firms from Brazil that obtain cash from enterprise capital funds . . .<\/p>\n<p>To learn the complete NEWS and rather more, <a href=\"https:\/\/www.riotimesonline.com\/premium-membership\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to our Premium Membership Plan. Already Subscribed? <a class=\"lrm-login\" href=\"#login\">Login Here<\/a> <\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Founders of Brazilian startups drew tons of of tens of millions of {dollars} from Silicon Valley Bank (SVB) on Thursday (9) after the financial institution launched a US$2.25 billion inventory sale to bolster its stability sheet and mitigate the consequences of falling deposits from startups struggling for money at a time of scarcer capital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-80670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nightlife"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/80670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=80670"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/80670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/80672"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=80670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=80670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=80670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}