Inside the ‘cold war' at Techstars as CEO Mäelle Gavet hires, fires, fights to force change [TechCrunch]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
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Source: TechCrunch
Their backdrop was solemn: a bank run was in the process of crushing Silicon Valley Bank, and the entire startup industry was on edge. The bank's parent company, SVB Financial, was a major investor in Techstars and, like much of the startup world, Techstars had a sizable deposit there, according to sources. No one knew at the time whether those deposits would be wiped out. A day before the bank completely collapsed, Techstars Stockholm Managing Director Alfredo Jollon posted an essay on LinkedIn saying he had bought shares in SVB Financial. His post expressed overall support for the bank, founders from the Techstars Stockholm program recalled, and came as VCs were telling their portfolio companies to withdraw their money from the bank What happened next was two weeks of chaos, according to at least four founders who were there. On orders from Techstars CEO Mäelle Gavet, Jollon was told to take down the post because Techstars didn't want to publicize its relationship with the b
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News
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- FDIC's Gruenberg rebuffs bipartisan calls for his resignation as new banking rules loom [Yahoo! Finance Canada]Yahoo! Finance Canada
- FDIC's Gruenberg rebuffs bipartisan calls for his resignation as new banking rules loom [Yahoo! Finance]Yahoo! Finance
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 4
- FCNCA's page on the SEC website