Venture capital firms are working on a long-shot plan to preserve parts of Silicon Valley Bank so it can keep serving clients in the technology sector, according to people briefed on the effort.
Since late last week a group of more than a dozen VC firms have been in talks about how to enable SVB to continue lending to, investing in and advising companies and executives in the sector. Firms involved in the talks include General Catalyst, Andreessen Horowitz and Khosla Ventures, the people said.
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