Fenwick Partner Ran Ben-Tzur Quoted on the Impacts of SVB’s Closure

Fenwick partner Ran Ben-Tzur discussed the impacts of SVB’s closure on the industry and venture-backed startups with Crunchbase News.

This month’s closure of SVB has left a sense of instability across the banking landscape and the full impacts are just beginning to be felt. The fall could result in the cost of capital for venture-backed startups to increase considerably as costlier private credit funds are likely to fill the void left by SVB's departure. With equity financings already becoming more challenging, a rise in the cost of credit will be damaging to the current fundraising environment.

Read the full article here.