US Banking Crisis and Silicon Valley Bank Fallout Raises Concerns for Founders of Color and Big Tech.

The collapse of Silicon Valley Bank (SVB) has raised concerns among startup founders of color, who fear it will become even harder to secure funding or a financial home supporting their startups. SVB had opened its doors to such entrepreneurs, offering opportunities to form crucial relationships in the technology and financial communities that had been out of reach within larger financial institutions. But smaller players have fewer means of surviving a collapse, reflecting the perilous journey minority entrepreneurs face while attempting to navigate industries historically rife with racism.