This was posted on Gab tonight:
30 companies now face extinction as a result of being tied to the SVB failure. They are as follows:
- Coinbase
- DoorDash
- TikTok
- Twilio
- Plaid
- Affirm
- Etsy
- Zoom
- 23&Me
- Airbnb
- AllBirds
- DocuSign
- Udacity
- Betterment
- Checkr
- Klarna
- Marqeta
- NerdWallet
- Stripe
- WeWork
- ImpossibleFoods
- Instacart
- Patreon
- BigCommerce
- FarFetch
- Lemonade
Now, not all of these companies will find the disruption, and possible partial loss of funds, to be a killer. I’d be very surprised if Stripe, Zoom, Airbnb, or Etsy found the collapse of SVB to be much more than a minor annoyance due to the particular natures of their respective businesses. TikTok probably won’t even notice. But companies like Patreon, which are very low-margin operations that don’t run a profit, are considerably more vulnerable.
So it will be interesting to see precisely how severe the eventual consequences turn out to be.