FarmboxRx CEO Ashley Tyrner, who has $10 million in Silicon Valley Bank, discusses the impact that the collapse will have on innovation and startups.
Tech CEO Ashley Tyrner, who has $10 million in the Silicon Valley Bank, discusses the collapse and what it means for startups on ‘The Big Money Show.' account after it was shut down by regulators.
" Friday. "And everybody is trying to figure out what is Monday going to bring. Is it only going to be [$250,000]? When can we access the rest of our capital? And that's what leads me to believe that something, some type of a bailout has to happen because the world's innovation of technology is at a hold right now."
Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation.
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