When I moved to San Francisco, the quirky rotunda at 532 Market Street was a Sharper Image store full of plasma balls and tourists trying out massage chairs.
The E*Trade branch that took over the space closed a few years ago, but last August, it got a new tenant: Silicon Valley Bank. Sigh.
Downtown SF hasn’t bounced back from the pandemic, but this is a prime location with lots of foot traffic. Hopefully, after Silicon Valley Bridge Bank winds up its operations, a viable business will move in.
But that’s just one street corner. The second-largest bank failure in U.S. history is going to reshape the startup ecosystem for years to come.
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