This week we're doing a special episode looking at the Silicon Valley Bank crash, why it happened, why the tech sector was so exposed and how the government stepped in to help save the UK subsidiary of the business.
We’re joined by special guests Dom Hallas, from UK tech lobby group Coadec, and Benedikt von Thüngen, cofounder of diagnostics startup Sanome which had 85% of its cash in SVB.
We also analyse what the UK budget means for startups, including big spending on quantum research and more support for AI innovation, plus cut to R&D tax credits.
The articles we discuss this week:
- UK Spring budget: R&D cuts but huge quantum spend
- SVB UK: the latest on the startup bank’s collapse — and sale to HSBC
- SVB UK still funding loans after HSBC buyout, say sources
- SVB: Why did so many UK startups only have one bank account?
- ‘It was terrifying’: 48 nightmare hours for European tech founders as SVB collapsed
- VCs are ‘absolutely to blame’ for SVB chaos, says Seedcamp’s Reshma Sohoni
- Opinion: UK government should not bailout SVB UK