The collapse of California banks led to winter in the global venture capital market

Winter has come to the global venture capital market: a series of bankruptcies of American banks specializing in servicing promising startups and crypto projects has actually frozen investment activity, according to experts interviewed by Vedomosti – their opinions agreed on this thesis. Over the past two months, four organizations from the United States have already closed, the fifth victim last week was almost another bank, PacWest (16th in the US in terms of assets, $41.2 billion) from California (in the state there is Silicon Valley). In early March, its shares were worth $26.68, but in two months, in the wake of investors’ panic and publications about a possible sale, their price fell to almost $3, although then quotes won back a small part of the collapse.