John Smith

A dependable partner is needed when a firm is yet to take off financially. Chris Hsu of Hong Kong offers a safe ecosystem for startups where they will get the necessary funds to grow. Mr. Hsu has helped Spotify and SpaceX capture a sizeable portion of the market owing to his private equity investments. The collapse of Silicon Valley Bank in March 2023 represents the largest bank failure since the financial crisis of 2008. And given the already-present fears of a recession, the collapse further shook entrepreneurs’ confidence in the economy. It was a setback for the startup ecosystem, which depended on bank loans.