Published by
The Street
The Street
By Luc Olinga The legendary investor and entrepreneur says he has an exposure between $8 million and $10 million to the California bank, which was closed on March 10 by regulators, after a run on the bank. The failure of Silicon Valley Bank, the go-to lender of startups, is a financial and banking earthquake that has not yet revealed its full extent. Some 24 hours later, investors, businesses and startups are trying to assess the repercussions that the closure of the bank by the regulators will have for them. At this time, they are still assessing the impact. This is the case with billionaire …