Silicon Valley Bank's customers withdrew $42 billion from their accounts on Thursday. That's $4.2 billion an hour, or more than $1 million per second for ten hours straight.
#SVBCollapse
Some resources in the #svb crisis:
@tranch_hq is offering credit lines to help minimize the impact of recent events on operational spend up to $500k to pay Supplier invoices including EOR
--->tranch.com/suppliers/svb
@Nitrasocial is providing expedited underwriting for new credit lines and bridge loans outside
healthcare - up to $200k on card and more on a bridge loan.
---> nitra.com/svb-support
@brexHQ is offering emergency bridge loans to qualified SVB customers to help minimize the impact of recent events on payroll and other operational spend.
---> brex.com/svb-emergency-line
@join_arc is offering short term credit facilities / bridge loans (up to $250k or current cash position) to help founders make payroll and other working capital needs.
--->arc.tech/pavroll
@Capchase is offering also financing for SVB affected startups
--->Reach out to them
The US currently has over 5,000 public-use airports. Only about 10% are served by commercial flights today.
Best of all, substantial operational growth at these airports is easily within reach: only 17 of all US airports are projected to be capacity-constrained by 2030.
Agreed. Like buying Apple at $10B.
At $1.3B, I think Amazon's acquisition of Zoox will eventually go down as one of the best value acquisitions of all time.
Live reveal happening in 20 min: youtube.com/watch?v=3r7PEl0t…
Congratulations to R7 Partners’ portfolio company, Roam Robotics, for making the top five World’s Most Innovative Robotic Companies.
Helping people run faster and lift more weight is awesome, but helping those who struggle to wal…lnkd.in/e3JPrNU lnkd.in/egkKwUR
R7 Partners portfolio company, AEye, Inc., just made the top 100 AI companies in the world. Well done, Luis Dussan, Blair LaCorte, Jordan Greene and team. 🚀 lnkd.in/esDZg2r
R7 Partners hosted its first Portfolio Showcase a few weeks ago and it was an amazing event. Over a hundred people attended, all who are continuing to share R7's mission to back the best entrepreneurs in the world. This video highl…lnkd.in/dvGWh9s lnkd.in/dCp6vb6
Congrats to R7 Partners portfolio company AEye, Inc. and excited for them to continue leading the autonomous vehicle revolution.
#autonomousvehicles #selfdriving #lidar lnkd.in/emCwATJ
R7’s portfolio company, Light Field Lab, Inc., is building something absolutely awesome. This is one giant step forward thanks to the big support from Ari Emanuel and the family who created Star Trek. The future is awesome!
#holograms #unicorn lnkd.in/e7eeNtv
R7 portfolio company AEye, Inc. is continuing to break new ground for autonomous vehicles. This is Stephen, our VP of Marketing, given an explanation about the tech. #autonomous #lidar #selfdrivingcars lnkd.in/e9BV6Mq
AEye, Inc. continues to have the most advanced, and safest LiDAR in the world. Congrats Luis Dussan and @Quantum_Defect on this breakthrough. 100Hz! #selfdrivingcars #automomous #lidar lnkd.in/eXabJey
Boom. Super pumped for R7 Partners team member and Proterra Inc CEO, @rcpopple, to continue slingin’ buses like the Tesla Model 3. #electricvehicles #batteries lnkd.in/eFFj_E7