Leaders in the startup community remain optimistic about the strength of their industry and the role the Bay Area plays in driving innovation weeks after the collapse of Silicon Valley Bank.
"All I saw was a lot of breathless panic and a lot of memos being sent out that you should pull your money out of SVB," Puni Singh Soni remembers about the immediate aftermath of Silicon Valley Bank's failure earlier in the month."But those three days weren't easy. We really were asking ourselves how are we going to make payroll on Monday morning."
. But as the founder and CEO of a startup, he understands the needs of leading a new company and how certain banks can meet their unique challenges. "There's never a bad time to start a company," said Founders Network CEO Kevin Holmes."In fact, there's a lot of benefits to starting a company at a time like this."
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