Good morning, Broadsheet readers! General Motors is offering cash to employees who will quit, women in broadcasting give a nuanced look back at Barbara Walters' legacy, and female founders tell us how they are handling the Silicon Valley Bank collapse. Happy Equal Pay Day!
- 'There was no playbook.' The collapse of Silicon Valley Bank—the financial institution that housed the capital of much of the startup ecosystem—wreaked havoc over the weekend. Startup founders were unsure they could access their funds, employees were worried about their next paycheck, and even Etsy sellers were hit as the platform paused payouts. Three female founders told Fortune how they handled the chaos—which eased a bit Sunday, when regulators confirmed that they’d protect all deposits at the bank—and where they go from here.
A text from an investor on Thursday tipped Ariela Safira off to the crisis: Was her startup's money with SVB? Yes, it was.
