Sequoia and other 325 venture capital institutions and 650 founders jointly declared: Silicon Valley Bank cannot fail. As of March 12, 325 venture capital institutions, including Sequoia Capital, have signed a joint statement to support Silicon Valley Bank. statement; in addition, 650 founders employing more than 22,000 employees also signed a statement asking regulatory authorities to prevent disasters. The statement from the venture capital community was led by venture capital firm General Catalyst.

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