Silicon Valley Bank bought, but Silicon Valley has already moved on

Silicon Valley Bank’s rapid fall this month initially felt cataclysmic for the Bay Area’s startup industry. Less than three weeks later, news of the bank’s purchase by First Citizens Bank was met Monday with little more than raised eyebrows. “We don’t even think about it anymore except to say, ‘Oh my gosh, remember how crazy it was?’ ” said Chon Tang, general partner at SkyDeck, UC Berkeley’s startup accelerator. The Santa Clara-based bank’s demise set off a crisis in confidence in the banking industry but also opened up opportunity for...