At TechGround, we are passionate about technology and its impact on our daily lives. One of the ways that we stay up to date on the latest advances is by subscribing to tech magazines like Wired. However, with so many great titles to choose from, it can be hard to decide which one is right for you.
To help make your decision easier, we’ve put together a list of five amazing Wired magazines that you should definitely check out. From tech innovation and trends to fearless
1. If you’re looking for an interesting way to use your brain and make some new friends, Crunchers
What put SVB into trouble was a combination of years of lax lending practices, over-leveraging, and ballooning bad debt. The bank made some rash investments in technology start-ups, such as Airbnb and Uber, that turned out to be much riskier than expected. In the end, it couldn’t keep up with the mounting losses from these ventures and its other activities.
Some startups were hit the hardest by the sudden value bust, as their products or services had little to no intrinsic value and were quickly devalued in the market. As a result, many of these startups found themselves struggling to manage dwindling cash flow and raised even fewer funding rounds as a result. Ultimately, this caused many startups to fold or face an even more difficult future as they faced competition from more established companies.
One of the benefits of travelling to different parts of the world is that you can gain a unique
The TechGround Top Story
- Regulators stepping in: Natasha M reports that the bank and its 17 branches were closed by the California Department of Financial Protection and Innovation. The agency appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
- So, er, what happened?: (TG++): Alex can be trusted to provide the context, and concludes that it seems like the rumor of SVB being in trouble caused a run on the bank, which put it in actual trouble soon after.
- What the founders think: Several of my colleagues took to the (virtual) streets and got the lowdown on how founders are reacting to the bank’s collapse.
The demise of Silicon Valley Bank
Conspiracy theorists and financial pundits were quick to attribute the closure of Indy bank to federal regulators. But within a single day, much happened that quickly obscured what actually closed Indy’s doors. First, rumors circulated that Indy Lakes Mall was the target of a “raid” by FBI and IRS agents; Though no such raid took place,
- For you, special price: Manish and Ingrid caught wind that Silicon Valley Bank was in talks to sell itself.
- Get out while you can: Natasha M and Alex reported that VC firms started advising their portfolio companies to move money out of SVB (TG++).
- A bump in the road: Natasha M wrote that some SVB customers were struggling to wire funds out of the bank.
- In free fall: Natasha M and Alex followed up with their report that SVB’s shares were tanking, as the whole mess was unfolding.
- Filling the void: Never ones for wasting a good crisis, startups are leaping into the breach to fill the vacuum SVB is leaving behind for the ecosystem, Natasha M and Mary Ann reported.
- Maybe aim better: You might imagine that someone at Silicon Valley Bank would have paused to think: “Hmm, maybe today is not the right time to declare that we’re shoring up our balance sheet,” Connie writes, and concludes that SVB shot itself in the foot rather spectacularly in the wake of crypto bank Silvergate’s announcement that it’s shutting down. Jacquelyn analyzed the Silvergate downward spiral for TG++.
- So, er, what now?: As SVB funds are locked up (at least until Monday, regulators say), how do you meet payroll, etc.? Alex takes a closer look at what startups are up against (TG++).
Building a lean B2B startup growth stack
Spanish artist Jose Bernat Bacete has a penchant for using recycled objects to create stunning pieces of art. His latest creation is an intricate, three-dimensional floral design made from pieces of old telephones.
A good tool for any job is something that will make the task easier. The right tool for the job is often predetermined when you have an idea of what needs to be done. If you are not sure which tool to use, it is important to consult with someone who knows more about the situation than you do. This person can help guide you in
While there’s no one-size-fits-all blueprint when it comes to growth marketing, some resources are more appropriate for early-, mid-, or late-stage startups. Primer CEO Keith Putnam-Delaney recommends using tools like Hootsuite Insights and Mixpanel to monitor customer engagement, objectives reached, and conversions in real time. Additionally, he suggests using Fiaro’s Startup Founder Scorecard as a tool to assess progress across key dimensions of startup success such as market size and stage of business evolution.
Marketers always look for ways to save money, especially in today’s tight economy. The budget constraints here will force businesses to be more efficient and cut down on unnecessary spending. This is good news for marketers as they will have more money left over to focus on their core objectives, such as increasing sales or creating new customer
Our membership program, TechGround+, helps founders and startup teams get ahead of the pack. You can sign up here for a 15% discount on an annual subscription! Plus, this will give you access to our exclusive content and resources that will help your business succeed.
And some other news too
The other things that happened today include a mountain lion being struck by a train in California and North Korea testing another intercontinental ballistic missile.
Carly reports that the SEC charges Blackbaud for failing to disclose the ‘full impact’ of a ransomware attack. In this case, the attack impacted over 200,000 users and Blackbaud only disclosed the issue after being contacted by The Wall Street Journal. This failure to disclose highlights a concerning issue with cyber security – companies often fail to warn their customers of potential threats even when they are aware of them.
1) Cybercrime continues to be a pressing concern for businesses and individuals around the world. It is important that everyone stays vigilant and aware of the risks associated with online security, especially as cybercriminals become more skilled and bold in their attacks.
2) The number of reported cyberattacks is on the rise, with 41% of businesses citing this as a major