Silicon Valley Bank collapse impacts North Texas startups

The seismic waves from last week’s failure of California-based Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis, are being felt in Texas. The close of the nation’s 16th largest commercial bank at first glance may seem to have only impacted emerging tech startups and venture capital firms in Silicon Valley, but the impact on North Texans has been more than what meets the eye. Many North Texas startups that have received investment from venture capital firms have some kind of relationship with SVB, said Cameron Cushman,...