I’m very tired.
While the startup world is breathing a huge sigh of relief after the U.S. government took action Sunday—not everyone is, including limited partners in Silicon Valley Bank’s $10 billion venture arm, who are waiting on a buyer for the VC operation. Shareholder lawsuits are starting to emerge. Silicon Valley Bank’s senior management has been fired. And two venture capitalists have been appointed to SVB’s new “restructuring committee”—to dice up the various entities once under the Silicon Valley Bank umbrella.
