SVB Crisis Showed Startup Community at Its Best

SVB Crisis Showed Startup Community at Its Best

Author

Peter Walker

|

Read time: 

1 minute

Published date: 

March 13, 2023

During the SVB crisis weekend, individuals like Alex Bard personally funded payroll and Michelle Hopfner coordinated resources for emerging...

LinkedIn: SVB Crisis Showed Startup Community at Its Best

Panic got a lot of play in startup world this weekend. Let's instead focus on what "how can I be helpful" really looked like.

𝗔𝗹𝗲𝘅 𝗕𝗮𝗿𝗱 When a key portfolio founder, Sahil Mansuri, was looking for a way to run payroll, Alex and his venture team stood up a personal fund to run payroll for him.

From their personal accounts. Deep respect.

𝗠𝗶𝗰𝗵𝗲𝗹𝗹𝗲 𝗛𝗼𝗽𝗳𝗻𝗲𝗿 When emerging managers called Carta all weekend with innumerable questions about how this bank collapse affected their funds, Michelle Hopfner was there.

Burning the midnight oil all weekend, providing excellent advice in an unstable moment. Deep respect.

𝗚𝗮𝗿𝗿𝘆 𝗧𝗮𝗻 When other VC luminaries forgot how to unstick the CAPS LOCK on their keyboards, Garry Tan met the moment with the right message.

Kept the focus on the the impacts to founders, employees, and society. Deep respect.

Who else came through in the last 48 hours? Would love to hear more about leaders helping startups stay afloat.

#svb #leaders #whatcanIdotohelp #venturecapital

Peter Walker
Author: Peter Walker
Peter Walker runs the Insights team at Carta, focused on discovering key data and narratives across the private capital ecosystem. In a former life, he was a marketing executive for a media analytics startup and led the data visualization team at the Covid Tracking Project.

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