Collapse of SVB may leave "huge gap in the ecosystem": startup CEO

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Collapse of SVB may leave "huge gap in the ecosystem": startup CEO

STORY: Collapse of SVB may leave "huge gap in the ecosystem": startup CEO DATELINE: March 18, 2023 LENGTH: 0:02:11 LOCATION: AUSTIN, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. 2. SOUNDBITE 1 (English): ERIC LAW, Founder of Urban Machine in U.S. 3. SOUNDBITE 2 (English): MICHAEL WENNING, Founder and CEO of a startup in Texas 4. SOUNDBITE 3 (English): MICHAEL WENNING, Founder and CEO of a startup in Texas STORYLINE: More than a week after U.S. regulators closed Silicon Valley Bank and sent shockwaves through the financial systems in the U.S. and Europe, two American startupers described their first-hand experiences in this crisis and shared observations on its long-term impacts. SOUNDBITE 1 (English): ERIC LAW, Founder of Urban Machine in U.S. "Oh, when the news came out. No. It's a little stressful when you have access to none of your money and the bank gets locked up. The good news is we got access to it this morning, all of it. So, you know, a rough, stressful four days." SOUNDBITE 2 (Engli

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