Khosla Says Fallout of SVB Bust Will Linger for Months
The billionaire investor spoke with Bloomberg Television about the demise of Silicon Valley Bank, and the technology race with China.
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It will take three to six months for the startup world to return to business as usual after the failure of Silicon Valley Bank, the billionaire venture capitalist Vinod Khosla predicts.
Khosla said his firm, Khosla Ventures, encouraged founders of its portfolio companies to leave everything but three months of funds in Silicon Valley Bank. “We didn’t want to cause a bank run,” he said in an interview on Bloomberg Television on Friday. “Unfortunately, all our peers didn’t do the same.”