The SVB storm blew up suddenly, before fading to calm, after local tech stars endured a drama playing out alongside the usual rigours of an Aussie weekend.
It was the trill of WhatsApp and Slack message alerts, arriving with escalating persistence that alerted Australia’s tech set that something potentially earth-shattering was brewing.
The venture capital investors who fund the nation’s thriving technology start-up ecosystem from their billion dollar cash piles, started fielding a flood of enquiries from worried company founders about the health of Silicon Valley Bank.
Paul SmithTechnology editorPaul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
