The Collapse of Silicon Valley Bank

The collapse of Silicon Valley Bank has sent shockwaves through the tech industry, with a range of startups and larger firms left reeling in its wake. Publicly traded companies like Roku, Roblox, and Quotient have been particularly affected, with SEC filings revealing that they had significant sums of money held at SVB. Roku, for example, had around $487 million held at SVB, representing around 26% of its cash and cash equivalents as of March 10, 2023. While the company has stated that it believes its existing cash balance and cash flow from operations will be sufficient to meet its working capital, capital expenditures, and material cash requirements for the next twelve months and beyond, the potential loss of such a significant amount of money is undoubtedly a concern for the streaming platform. Similarly, gaming platform Roblox has said that approximately 5% of its $3 billion cash and securities balance was held at SVB as of February 28, 2023. However, the company has sought to reas
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