Alternativeto dropbox10/31/2023 ![]() The biggest banks - those most likely to cause an economic meltdown - have healthy balance sheets and plenty of capital. There appeared to be little chance of the chaos spreading in the broader banking sector, as it did in the months leading up to the Great Recession. They are asking, ‘Do I have to furlough my workers?’” “I literally have been hearing from hundreds of our founders asking for help on how they can get through this. “This is an extinction-level event for startups,” said Garry Tan, CEO of Y Combinator, a startup incubator that launched Airbnb, DoorDash and Dropbox and has referred hundreds of entrepreneurs to the bank. ![]() ![]() The bank served mostly technology workers and venture capital-backed companies, including some of the industry's best-known brands. ![]()
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