The collapse of Silicon Valley Bank (SVB), one of the largest and most influential banks for startups, has sent shockwaves through the startup world. While many have focused on the impact on the financial industry and the broader economy, the effects on individual startups are now becoming clear. With SVB’s collapse, many startups are now struggling to make payroll, and the consequences are dire.

For years, SVB has been the go-to bank for startups, providing loans, lines of credit, and other financial services that are essential to getting a new company off the ground. But in the wake of the bank’s sudden collapse, many startups are now finding themselves without access to the capital they need to keep their businesses afloat.

As a result, some startups are now being forced to make difficult decisions, including laying off employees or delaying payments to vendors and suppliers. In some cases, these decisions are having a ripple effect throughout the startup ecosystem, as companies that rely on these startups for business are also feeling the impact.

The situation is particularly dire for early-stage startups, which often have limited cash reserves and rely heavily on outside funding to keep their businesses running. With SVB’s collapse, many of these startups are now finding it nearly impossible to secure the funding they need to survive.

In addition to the financial challenges, the collapse of SVB has also had a psychological impact on many startups. For years, SVB has been a symbol of stability and success, and the bank’s collapse has shattered that illusion. Many startup founders are now questioning whether they can trust any financial institution, and are struggling to maintain their confidence in their own businesses.

Despite the challenges, there are some startups that are finding ways to adapt and thrive in the wake of SVB’s collapse. Some are turning to alternative sources of funding, such as crowdfunding or angel investors, while others are looking for ways to cut costs and operate more efficiently.

Ultimately, the collapse of SVB serves as a stark reminder of the challenges that startups face, and the importance of building resilience and flexibility into their business models. While the impact of SVB’s collapse will be felt for some time, there is hope that the startup ecosystem will emerge stronger and more resilient in the years ahead.