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Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. Thank you for subscribing to Startups Weekly. This week, I’m taking my parents to Yosemite to explore the snowy peaks and to see if my car can handle snow. In lieu of a regular Startups Weekly, I figured I’d dive in and give you a reminder of some of the biggest startup stories from 2024 — both on TechCrunch and our subscription sibling TechCrunch+. Here are some of the biggest themes that have echoed throughout the startup ecosystem in…

Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is the second of a two-part series looking back at 2023. Mary Ann and Alex called on two colleagues to help us chat through some of the year’s biggest events. Here’s what we got into! The decline and fall of SVB: Much has happened since the chaos at Silicon Valley Bank unfolded earlier this year, but the sudden and shocking…

The Republican-led US House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank's supervision of failed Silicon Valley Bank.Committee chair James Comer, in a letter to Powell published on the panel's website, also asked for documents related to Fed Vice Chair Michael Barr's investigation into the supervisory and regulatory failures that contributed to SVB's collapse in March, which triggered weeks of turmoil in the US…

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation Banking, a new unit focusing on banking services to the startup, investor, and wider tech community. Rumored for weeks leading up to today, and now officially announced at the kick-off to London Tech Week, the new division — technically a subsidiary of HSBC UK — will be bigger than just the SVB UK assets: HSBC has added…

The collapse of Silicon Valley Bank left a small but noticeable hole in the venture debt market that private lenders don’t find attractive enough to fill. When SVB went under in March, the startup ecosystem was primarily concerned about what would happen to startup and venture capital firm bank accounts. The second worry was what would happen to the venture debt market and the existing loans SVB had issued. While SVB didn’t manage a massive loan portfolio by any means, it was in the minority of…

In a highly anticipated report on the collapse of Silicon Valley Bank, the Federal Reserve admits that it should’ve been paying slightly closer attention to the tech-centric bank before it unceremoniously collapsed last month. At the same time, the Fed’s report also reveals what everybody already could’ve guessed: SVB was a poorly run bank.Robinhood App Lays Off 9% of StaffLong a headquarters for the money of tech startups and venture capital, SVB collapsed in March as the result of a number of screwy financial decisions…

Country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 per cent in the June quarter, its chief financial officer Samir Seksaria said, adding that the key number will stabilise going ahead into the new fiscal. He said the company…

Hi, this is Pranav Mukul in New Delhi. Last Friday, the Indian Premier League (IPL) kicked off in Ahmedabad, and with it began the peak season for fantasy sports firms like Dream11, My11Circle, Mobile Premier League (MPL), and others. But if the IPL wasn’t enough to keep executives at these companies busy, on Thursday, the government issued the final rules for online gaming. What are the rules? The regulations took a step away from the draft version. They said only a subset of what is so far construed as online gaming –…

After weathering recession and military conflicts, Israel's high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source and a proposed judicial overhaul threatens the bedrock of corporate law. Nicknamed "Startup Nation", Israel's economy has ridden a wave of tech success with a sector that employs just 10% of the country's workforce accounting for around 15% of economic output, more than half of exports and a quarter of tax income. But proposals by Prime…

Until early in 2022, ecommerce startup Meesho was burning around $40 million a month in cash as it took on bigger rivals Amazon India and Walmart-owned Flipkart. As the etailer cuts its spends, growth has slowed down. Today we take a closer look at the company’s numbers and analyse its strategy. This and more in today’s edition of the ETtech Morning Dispatch.Also in this letter:■ Startup employees bear the brunt of funding winter■ Experts alarmed by surge in fake ChatGPT domains, extensions■ OCI’s Chris Chelliah on AI…