Filing: Roku held ~26% of its $1.9B in cash and equivalents at SVB, "largely uninsured", and says the remaining amount will be sufficient for at least 12 months (Todd Spangler/Variety) - TechnW3 Reviewed by TechNW3 on 16:41 Rating: 5

Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly the same magnitude as its ~13% cut in November 2022 (Wall Street Journal) - TechnW3 Reviewed by TechNW3 on 15:41 Rating: 5

As the "Bank of Startups", Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality (Matt Levine/Bloomberg) - TechnW3 Reviewed by TechNW3 on 14:41 Rating: 5

A closer look at the collapse of Silicon Valley Bank, the 16th largest US bank whose unrealized losses snowballed from $0 in June 2021 to $16B by September 2022 (Marc Rubinstein/Net Interest) - TechnW3 Reviewed by TechNW3 on 12:41 Rating: 5

Cloud software company Blackbaud to pay $3M to settle SEC charges that it made "misleading disclosures" about a 2020 ransomware attack affecting 13K+ customers (Carly Page/TechCrunch) - TechnW3 Reviewed by TechNW3 on 11:41 Rating: 5

Matchday, a Web3 and mobile gaming startup developing casual soccer games licensed by FIFA, raised a $21M seed from Lionel Messi's Play Time and others (Chris Morris/Fast Company) - TechnW3 Reviewed by TechNW3 on 17:41 Rating: 5

Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year (Bloomberg) - TechnW3 Reviewed by TechNW3 on 15:41 Rating: 5

New York AG files suit against KuCoin, alleging the crypto exchange offers tokens, including ETH, that meet the definition of a security, without registering (CoinDesk) - TechnW3 Reviewed by TechNW3 on 13:41 Rating: 5

Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K (Erin Woo/The Information) - TechnW3 Reviewed by TechNW3 on 13:41 Rating: 5

NYC-based Vantage, which helps companies manage and cut their cloud costs, raised a $21M Series A led by Scale Venture Partners, after a $4M seed in June 2021 (Frederic Lardinois/TechCrunch) - TechnW3 Reviewed by TechNW3 on 12:41 Rating: 5