The U.S. Justice Department has reportedly opened an investigation into Silicon Valley Bank after it collapsed last week. The financial institution was the darling of the tech and venture capitalist world, with more than 2500 VC firms as clients. Its failure is the latest in a series of problems for the broader tech industry, including the laying off of more than 100,000 workers in recent months. So what’s going on in Silicon Valley and what could it mean for the rest of us?
What’s overall health of tech industry, as SVB fallout continues?
- Mike Isaac - New York Times technology correspondent, author of the book “Super Pumped: The Battle for Uber” - @MikeIsaac