[VCFamilia & FounderFamilia Statement] Silicon Valley Bank News

Dear Familia,

As you may have seen in the news today, Silicon Valley Bank (SVB) has been shut down by the Federal Deposit Insurance Corporation. This will have reverberating effects throughout the tech ecosytem.

As a community of Latine founders and venture capitalists, SVB has been a great partner to us and we wouldn't be where we are today without their financial backing. They have been instrumental in the foundation of the organization, community building, engaging with our members, and we are grateful for their support.

This is a tumultuous time in the financial markets and we understand that every individual’s situation is unique. Everyone should consult their investors, advisors, and all relevant parties to make the best informed decision for their financial situation.

As a community-based organization, we remain committed to supporting the well-being of our community. We hope that the current conditions stabilize soon and that we can come together to support each other through these uncertain times.

La unión hace la fuerza,
VCFamilia & FounderFamilia Leadership