The conference will be virtual and will bring together industry experts to talk about next steps for startups in the country
Before crisis generated by the failure of Silicon Valley Bank (SVB)known as “startup bank”THE latitude, an ecosystem for early-stage Latin American startups, will host an event to guide startups on how to deal with institution failure. the conference will be online and open to the publicstarting at 13:00 on this Monday 13.
With nearly 40 years on the market, the “startup bank” was closed last Friday 10, by the US government, leaving its position as the leading industry institution in Silicon Valley and 16th in the US. Many Brazilian startups had assets in the bank, which caused concern among entrepreneurs.
From Thursday 9 when SVB announced it was raising more than $2 billion to cover financial lossesstartups around the world have moved to withdraw money invested in the bank, including Brazilian companies, through investment managers and from the startups themselves.
As discovered by Stadium For the past week, companies around here have been instructed by their investors to withdraw the amount they had in the bank on Thursday.
At this Monday’s event, called “SVB community across the board”Latitud will have its founder Brian Requarth and Stelleo Tolda, CEO and one of the founders of Mercado Livre, to discuss possible next steps for Brazilian startups in the crisis scenario generated by the SVB.
“Facing this storm will be a more successful and less solitary undertaking with the union of the entire startup ecosystem. We have already seen it within our own community of entrepreneurs, who have exchanged information and messages of encouragement these days “, says the Latitude in the invitation to the event.
The conference starts at 13:00 (Brasilia time) and can be accessed via Zoom in.
Source: Terra
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