The wrong kind of disruption: SVB collapse forces startups, VCs to scramble during SXSW
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Editor’s note: Late Sunday, March 12, it was announced that all deposits will be insured by federal officials. Get the latest here.
Craig Cummings knew something was wrong when his phone kept buzzing in his pocket while he was on stage at a Bunker Labs event late last week. When he finally got a moment to return a call to his partner at Austin investment firm Moonshots Capital, Kelly Perdew, Perdew told him that he might be the only one in the world who didn’t know what was going on.
He was talking,…
