The failure of Silicon Valley Bank on Friday following the collapse of parent company SVB Financial will have both short- and long-term effects in the startup and broader tech community, Wall Street analysts outlined Monday. On Monday, Wedbush analyst Dan Ives said the impacts from the SVB SIVB “ripple” will be “felt in Silicon Valley for years to come.” Ives said SVB had been an “integral part of the VC and tech startup community for decades,” as they would extend financing to startups when large banks wouldn’t. Read:…
