Silicon Valley Bank Has Failed. Will the Tech Industry Be Next?

The Fed should ‘immediately’ take this action.

Published in

ILLUMINATION

5 min readMar 12

--

Image Credit: Bloomberg

America's most stable tech companies are crumbling, and now the banking system that supports them is collapsing too.

Silicon Valley Bank had a Moody credit rating of A a few days ago. This rating indicates that the bank has relatively low credit risk and…

Luay Rahil

Written by Luay Rahil

Writer for

ILLUMINATION

I study how the top 1% live, work & lead, and turn their winning habits into easy-to-use routines you can use for life and business.

Recommended from Medium

Patrick Metzger
in
Crow’s Feet

What I’ve Learned About Job Hunting Over 50

Relationships are everything

6 min readMay 18

--

Group of people sitting inside room looking at a tablet, all smiling and enjoying themselves

Tobias Charles

Easy to Miss Signs You Work for a Great Boss

And should possibly think twice before moving on

7 min readMay 16

--

Lists

Business 101

25 stories57 saves

Intro to People Ops: Not Your Mama's HR

8 stories5 saves

Company Offsite Reading List

8 stories10 saves

How to Give Difficult Feedback

7 stories43 saves

Tim Denning
in
The Startup

The Way to Make Money Online Is to Spend an Uncomfortable Amount of Money

What you really want are these 3 underrated things

5 min readMay 17

--

Jessica Wildfire

Sometimes You Just Fail, and That’s Fine

There’s nothing wrong with quitting.

7 min read6 days ago

--

DC Palter
in
Entrepreneur's Handbook

The Rise and Fall of Newchip Accelerator

One of the biggest startup accelerators is being liquidated. Was it a scam or just another failed startup?

15 min readMay 13

--

Debunking 5 pieces of horrible startup advice. Just because a best-selling startup playbook tells you to do something doesn’t make it right, relevant, or the optimal option.

Rachel Greenberg
in
Entrepreneur's Handbook

Debunking 5 Pieces of Horrible Startup Advice

Just because a best-selling startup playbook tells you to do something doesn’t make it right, relevant, or the optimal option.

11 min read3 days ago

--

See more recommendations

Help
Status
Writers
Blog
Careers
Privacy
Terms
About
Text to speech