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Silicon Valley Bank: An essential (and existential) lesson in startup finance
It’s been a month since the Silicon Valley Bank (SVB) collapse threatened the financial future of almost half the venture-backed startups in the United States. A lifetime of lessons in financial management has been crammed into those intervening weeks. I’ve lent an ear to more than a dozen founders in the past month, who shared horror stories of missed payrolls, emergency board meetings and blocks-long lines to apply for accounts at other banks. I’ve smiled at revelations about emergency relief funds for climate tech firms assembled in hours, such as the one pulled together by financing company Enduring Planet with backing from philanthropic organizations such as Prime Coalition, which supports…
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The first lesson for female financial education? Money is power
This report is element of the FT’s Money Literacy and Inclusion Marketing campaign Intercontinental Women’s Working day must be a working day of celebration — but there’s nothing like the gender finance hole to get rid of the party. The gender fork out gap has torn a depressingly significant hole in women’s extended-term economic prospective buyers. The common pension pot for a 65-calendar year-aged girl in the Uk is around a person-fifth of the common pot of a male of the very same age. Females are not only considerably less probable to devote, they also have fewer money to set to perform in the marketplaces. Persistent bias against moms, portion-time doing…
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