March 30, 2023

Have Upstate New York Startups Been Impacted by Silicon Valley Bank Collapse?

By Natalie Brophy, The Buffalo News

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Featuring: Richard E. Honen

Startup and tech companies scrambled to access their money following the collapse of Silicon Valley Bank. Richard E. Honen spoke with The Buffalo News about the effect that was felt by companies in Upstate New York. “There had already been, generally, a tightening of venture capital funds across the country,” Honen said. “This doesn’t help.”

The article, “Have upstate New York startups been impacted by Silicon Valley Bank collapse?” notes that Upstate New York companies were not seeing a major impact but that startups need to protect their money. The full article can be read on The Buffalo News website. A subscription may be required.

Richard E. Honen