Australian startup ecosystem has been ‘relatively insulated’ from downfall of SVB #Australian #startup #ecosystem #insulated #downfall #SVB #englishheadline


Blackbird Partner Michael Tolo says the Australian startup ecosystem has been “relatively insulated” from the downfall of Silicon Valley Bank over the last week.

“Relative to US peers, the vast majority of our companies, in particular those with local headquarters, had deposits held in domestic banks,” Mr Tolo told Englishheadline host Ross Greenwood.

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