Joint Statement from Silicon Valley Venture Capital: If Silicon Valley Bank is acquired and properly capitalized, we will strongly support our portfolio companies in resuming business collaboration with it

ChainCatcher news, General Catalyst CEO Hemant Taneja posted on social media that several VC leaders met today to discuss the consequences of the Silicon Valley Bank collapse, and they have issued the following joint statement: "For forty years, Silicon Valley Bank (SVB) has been a trusted long-term partner for the venture capital industry and founders, serving as an important platform that has played a key role in supporting the entrepreneurial community and the U.S. innovation economy. The events of the past 48 hours are deeply disappointing and concerning. If SVB is acquired and properly capitalized, we will strongly support and encourage our portfolio companies to restore their banking relationships with SVB."

It is reported that the Silicon Valley VCs participating in this joint statement include Accel, Altimeter Capital, B Capital Group, General Catalyst, Gil Capital, Greylock Partners, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Mayfield Fund, Redpoint Ventures, Ribbit Capital, and Upfront Ventures. (source link)