"SVB Collapse Sparks Potential M&A Wave in Tech Industry"

The collapse of Silicon Valley Bank (SVB) has left the start-up community reeling, but venture capitalist Jai Das believes there is a "silver lining" in the long term. While roughly one third of his portfolio companies had funds in SVB when the bank was seized by regulators, he believes the community will benefit from the upheaval. Financial technology firms are already offering products that divvy up company's funds in $250,000 chunks into different banks. Although the cost of capital will go up, Das believes the US economy and tech industry will be strong enough to handle the current banking chaos.