Silicon Valley Bank’s (SVB) recent collapse is expected to have long-lasting ripple effects on companies, according to Dan Ives, Managing Director at Wedbush.
In a recent interview with CNBC, Ives expressed concern over the impact on early and mid-stage companies who relied on SVB for financing.
With SVB no longer an option, these companies will face increased pressure and potentially lower valuations.
The collapse of SVB could also lead to an acceleration of mergers and acquisitions in the region, as companies seek alternative financing options.
While larger tech companies like Microsoft and Apple are expected to weather the storm, smaller startups may struggle to secure funding, leading to a shift in the investment landscape.
