Wife works at Twilio. Survived two rounds of layoffs. Is the SVB Collapse impacting twilio? Were they keeping any of their $4B short term cash on SVB? TC $450K 8 YOE
How much money does svb lose? Trying to understand the impact.
Most likely everyone will get their money at the end of the day. Buyout likely over the weekend. The issue is loss of confidence / impact to venture debt market which will impact startups. SVB was a major player in venture debt market and now there will be fewer sources for that which will force startups to raise money with equity in a tough environment killing their valuations.
>130 billion USD if I remember correctly
Don’t forget all the companies that pay Twilio.
Isn't every tech company fucked then? All the cloud products used by the thousands of SV startups...
Is twilio disproportionately impacted? I.e. this would case further lay offs?