Today has been a roller-coaster for Kiwi businesses tied to Silicon Valley Bank.
RocketLab, Comvita, Xero, and ikeGPS were among the businesses who were due to lose money from the collapse until US Treasury stepped in to guarantee all deposits.
Glenn Milnes, CEO of ikeGPS was among the many business owners surprised by the sudden collapse of Silicon Valley Bank.
Glenn Milnes says ikeGPS was diversified in where they held their money, but it was concerning to have a percentage of their deposits on the line.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.