Scoop: Close to 100 climate-focused venture executives joined a call with former Obama officials in the thick of the SVB crisis this weekend to talk messaging. (via AxiosPro)
There was particular emphasis on connecting with red-state lawmakers."Make sure their stories of the impact would hold sway over the stories of the venture capitalists, and get the message out about how far-reaching the SVB crisis was to the startup community and how it is affecting climate startups," one exec tells Axios.The government's announced intervention Sunday made the crisis less emergent, at least for now. The messaging wars will continue.
"The impact is not just folks on Sand Hill Road or at Stanford, it’s folks re-skilling from the oil and gas side to fix electric vehicle chargers."Modern politicians are known for hijacking narratives to push their own agendas — in this case, it’s that startup founders are coastal elites that shouldn’t be “bailed out.”
By jumping into action and uniting behind a shared messaging strategy, this coalition is better equipped to educate Washington, D.C., and explain that these founders are representatives' own constituents, bringing innovation to the heartland and employing many across the country. The goal is to solve the startup world’s perception problem.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »
Failed tech bank SVB held over $5B for prominent crypto VCs: ReportAlthough SVB managed enormous amounts of money for crypto VCs, it is unclear how much funds are currency stuck inside the bank.
Read more »
Former FDIC chair says 'no doubt' more bank failures coming after SVB'No doubt' that more banks will fail after Silicon Valley Bank's implosion, says the FDIC chair who oversaw part of the 1980s banking crisis
Read more »
Former Obama official worked at Silicon Valley Bank before collapse that rattled American economyAn official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.
Read more »
Crypto Shaken as SVB Exposure Depegs $37 Billion StablecoinThe fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space.
Read more »
UK finance minister, Bank of England working to minimise SVB falloutBritain's finance ministry and the Bank of England are working together to minimise the disruption that could stem from the UK arm of collapsed U.S. bank Silicon Valley Bank, the ministry said on Saturday.
Read more »