Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here.
It’s been a big week for tech acronyms. I woke up on Monday to news that First Republic Bank has been closed down by regulators — and JP Morgan will buy $330 billion worth of assets. The news then spiraled into another question for startups: How does losing yet another banking partner, in a matter of weeks, feel in this environment?
As I learned, along with my colleagues Mary Ann Azevedo and Christine Hall, entrepreneurs feel fatigue. It’s true: When First Republic Bank was in its final moments, Silicon Valley didn’t convulse with shock or lather itself into a social media tizzy. Instead, there was a gener...
