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Brex: 2024 CNBC Disruptor 50

A year later, lessons from SVB's epic collapse

MARCH 10, 2023, should’ve been a day to celebrate for Eric Vogel.

A Year Later, Lessons From Silicon Valley Bank's Epic Collapse

(Bloomberg) -- March 10, 2023, should’ve been a day to celebrate for Eric Vogel. He was about to sign a funding deal for his recycling startup, Circularr, after five months of due diligence. The investor just wanted to talk to one last reference, a formality before the deal closed.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsOne of the Most Infamous Trades on Wall Street Is Roaring BackSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsBond Investors A

silicon valley bank collapse: A year later, what are the lessons from Silicon Valley Bank's epic collapse?

The collapse of SVB was swift and stunning, triggering days of sheer terror in Silicon Valley. Y Combinators Garry Tan warned that the failure could be an “extinction-level event” for tech startups.

80% of Young Billionaires Skip College

A study conducted by Casino Online identified the top 10 youngest self-made billionaires in 2024.

It seems some tech leaders are coming back to San Francisco

Some tech leaders are returning to San Francisco, The Wall Street Journal reported.The buzz around AI and a search for fresh talent is helping to lure some

Tech Leaders Fled San Francisco During the Pandemic. Now, They're Coming Back.

Founders and investors who ditched the Bay Area for Miami and elsewhere are returning to a boom in artificial intelligence and an abundance of tech talent.

San Francisco's big tech revival: How embattled CEOs are moving BACK after fleeing the Democrat city - with the Bay Area still holding its position as 'brainpower' of AI despite booming investments in Texas and Miami

After a pandemic-induced exodus from San Francisco by founders, Silicon Valley figures, and tech executives, there is a notable return to the city, driven by its resurgence as a hub for emerging tech.

Brex cuts 20% of staff amidst reports of stalled growth, high burn

Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, is transitioning from his role to become a board member.

Brex cuts 20% of staff amid reports of stalled growth, high burn

Expense management startup Brex, which was valued at $12.3 billion two years ago, has laid off 282 people, or about 20% of its staff today.