Silicon Valley Bank collapse leaves start-ups scrambling to pay workers

March 11, 2023

“I said, ‘I guarantee you they’re in Silicon Valley Bank. Silicon Valley Bank had relationships with more than half of the venture-backed companies in the United States, according to its website. Silicon Valley Bank did not respond to a request for comment. Roblox told investors that about $150 million of its $3 billion in cash was deposited at Silicon Valley Bank. Other clients used Silicon Valley Bank for their own funds and can’t access their accounts at all.