{"id":25685,"date":"2023-03-09T21:47:45","date_gmt":"2023-03-09T21:47:45","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/"},"modified":"2023-03-09T21:47:46","modified_gmt":"2023-03-09T21:47:46","slug":"it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/","title":{"rendered":"It turns out burn reduction at startups is more aspiration than reality"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/<\/a><\/br>
\nIt turns out burn reduction at startups is more aspiration than reality<\/br>
\n2023-03-09 21:47:45<\/br><\/p>\n

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It\u2019s not every<\/span> day that banking news is the big story in the startup world, but here we are. Yesterday the previously crypto-friendly Silvergate Bank announced<\/a> that it would \u201cwind down operations and voluntarily liquidate\u201d itself.<\/p>\n

The company\u2019s stock had been under massive pressure in recent months, exacerbated by a note from the bank<\/a> on March 1 that its earnings data would be delayed due to possible internal controls issues. It was also under regulatory inquiry.<\/p>\n

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The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n

Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n

\n

But that\u2019s not the new<\/em> big banking news making waves in startup circles.<\/p>\n

Silicon Valley Bank (SVB), a well-known institution in the technology industry that works with venture capital firms and startups alike, announced that it was raising capital via a share sale (among other mechanisms), taking a $1.8 billion charge to divest itself of low-yield assets and double its term borrowing.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/ It turns out burn reduction at startups is more aspiration than reality 2023-03-09 21:47:45 It\u2019s not every day that banking news is the big story in the startup world, but here we are. Yesterday the previously crypto-friendly Silvergate Bank announced that it would \u201cwind down operations and voluntarily liquidate\u201d itself. The company\u2019s stock had […]<\/p>\n","protected":false},"author":1,"featured_media":25686,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-25685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nIt turns out burn reduction at startups is more aspiration than reality - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It turns out burn reduction at startups is more aspiration than reality - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/09\/it-turns-out-burn-reduction-at-startups-is-more-aspiration-than-reality\/ It turns out burn reduction at startups is more aspiration than reality 2023-03-09 21:47:45 It\u2019s not every day that banking news is the big story in the startup world, but here we are. 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