Silicon Valley Bank fallout: Paying staff first challenge for start-ups

Y Combinator says over 100,000 jobs within its community at risk

Indian start-ups with US exposure are caught up in a maelstrom of chaos as Silicon Valley Bank (SVB) was shut down by US regulators. According to industry players, the immediate issue that many start-ups need to tackle is payroll payment, which has to start from Monday (March 13) in the US.

Start-ups are struggling to move money out of the bank. With regulators shutting down operations, they will have to wait until Monday.

Abhay Singhal, co-founder, InMobi Group, who resides in Palo Alto, says SVB is an important bank in the San Francisco Bay Area. He says SVB made banking