Techmeme
March 12, 2023, 10:15 AM

Top News

Bloomberg:
SVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act  —  More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
Bloomberg:
Sources: the FDIC is racing to sell SVB's assets and make 30% to 50% or more of clients' uninsured deposits available as soon as Monday  —  US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients' uninsured deposits available …
Semafor:
Sources: some hedge funds are offering to buy startups' deposits at SVB for 60 to 80 cents on the dollar; filing: ~96% of deposits as of Dec. 31 were uninsured  —  Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
TechCrunch:
Bloomberg:
Frank Chaparro / The Block:
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance  —  - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
New York Times:
Bloomberg:
Sarah Wynn / The Block:
Ben Cohen / Wall Street Journal:
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7  —  Bring a Trailer is where obsessives buy, sell and geek out over classic cars.  The company pops open its hood after 100,000 auctions to explain why.
John Sakellariadis / Politico:
Worried that cloud giants offer concentrated targets, the US plans to regulate the security practices of cloud providers like Amazon, Microsoft, and Google  —  Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
5 common accounting mistakes  —  This is a guest post by Yaali Bizappln Solutions.  A lot of businesses manage their customers and finances on separate platforms.  This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
(BNS) Brian's Appearance On Daily Detroit
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:15 AM ET, March 12, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Marie Woolf / Globe and Mail:

Earlier Picks

Matt Levine / Bloomberg:
More: Axios, Monomythical, Livemint, Financial Times, Los Angeles Times, The Verge, Fortune, New York Post, Politico, Heatmap News, Apricitas Economics, New York Times, Financial Times, Sifted, Reuters, Chris's Substack, The Information, The Economic Times, Agence France-Presse, The Enduring Investor, Bitcoin News, Cryptopolitan, Forbes, Cointelegraph, NewsBTC, CNBC, Stocks, Web3 and Macro, NBC Bay Area, The Hollywood Reporter, Daring Fireball, Associated Press, Mercury News, Fortune, Unintended Consequences, Crowdfund Insider, TechCabal, The Block, Inside Bitcoins, Dr. Syed Haider, Orinda - A Periodic Newsletter, CNN, Coinpedia Fintech News, Washington Post, Inc42 Media, Protos, TechSpot, CoinGape, Dr. Hans Substack, Silicon Canals, Andrew's Substack, and Louder Vic!