{"id":25708,"date":"2023-03-10T21:33:40","date_gmt":"2023-03-10T21:33:40","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/"},"modified":"2023-03-10T21:33:41","modified_gmt":"2023-03-10T21:33:41","slug":"svb-is-already-the-talk-of-sxsw","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/","title":{"rendered":"SVB is already the talk of SXSW"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/<\/a><\/br>
\nSVB is already the talk of SXSW<\/br>
\n2023-03-10 21:33:40<\/br><\/p>\n

\n

Austin\u2019s annual SXSW music, arts and tech festival officially kicked off today, and it\u2019s already clear that there\u2019s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB)<\/a> and its repercussions.<\/p>\n

I arrived on the ground this morning, and overheard people talking about it on my flight from Toronto (filled with entrepreneurs, Shopify employees and some investors); had one person ask me about it on the street without prompting (the only person I stopped and talked to on the street); and heard it discussed first as the crowd babble and then as the first topic on a panel called \u201cA Dog\u2019s Life: Longevity Science Gets Serious\u201d about extending the lifespan of dogs via advances in biological sciences.<\/p>\n

That panel, featuring The Longevity Fund\u2019s Laura Deming and Loyal\u2019s Celine Halioua, and moderated by The Atlantic\u2019s Andrea Valdez, kicked off with Deming apologizing to the audience in advance for being slightly distracted because she was \u201cjust waiting on a wire to transfer [her fund\u2019s] money out of SVB\u201d as she checked her phone. She then proceeded to look at her phone whenever she wasn\u2019t actively being asked a question.<\/p>\n

Halioua followed that immediately by commiserating with her investor, saying \u201call morning we have been trying to figure out where the fuck to put our money.\u201d She later also joked that the innovations her company is developing stand to \u201ccompound over time, just like the interest that I will no longer be getting on my bank deposits,\u201d which rightly earned laughs from the crowd. Halioua wasn\u2019t glued to her phone: She was looking down at her Apple Watch without interruption instead.<\/p>\n

\"SXSW<\/a><\/p>\n

Image Credits:<\/strong> Darrell Etherington \/ TechCrunch<\/p>\n<\/div>\n

Valdez did ask a question about the impact of the SVB collapse to kick off the panel after both panelists volunteered their own remarks, and Deming noted that in case the audience wasn\u2019t aware, this was effectively \u201cthe worst banking crisis since 2008\u201d in terms of the startup world.<\/p>\n

If you\u2019ve attended tech and startup conferences in the past, you know that panelists generally never have their devices out on stage, nor are they usually actively checking them if for some reason they do. That, combined with the nervous laughter both investor and founder delivered their half-jokes with, were truly remarkable to watch.<\/p>\n

Before the session even started, different groups both in front and to my right were talking about SVB, with varying levels of familiarity with the situation. While you may think it\u2019s early to call this as the talk of the show \u2014 watching that kind of candid anxiety onstage from established startup industry players, and hearing the general buzz and tension from everyone else in the room, makes it clear that this year\u2019s SXSW won\u2019t be about anything it probably intended to focus on.<\/p>\n

\"Read<\/a><\/p>\n<\/p><\/div>\n

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

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/ SVB is already the talk of SXSW 2023-03-10 21:33:40 Austin\u2019s annual SXSW music, arts and tech festival officially kicked off today, and it\u2019s already clear that there\u2019s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB) and its repercussions. I arrived on the ground […]<\/p>\n","protected":false},"author":1,"featured_media":25709,"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-25708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nSVB is already the talk of SXSW - 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\/10\/svb-is-already-the-talk-of-sxsw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVB is already the talk of SXSW - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/10\/svb-is-already-the-talk-of-sxsw\/ SVB is already the talk of SXSW 2023-03-10 21:33:40 Austin\u2019s annual SXSW music, arts and tech festival officially kicked off today, and it\u2019s already clear that there\u2019s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB) and its repercussions. 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