Silicon Valley Bank Failure Hits Home — “Banking regulators shut down Silicon Valley Bank Friday morning in a stunningly swift collapse of a financial institution entwined in the D.C. region’s startup ecosystem… Based in Santa Clara, California, Silicon Valley Bank operated an office in Rosslyn… Arlington restaurant software platform company MarginEdge, like many tech startups, maintained a deposit account at Silicon Valley Bank but moved the ‘lion’s share’ of its funds to a different financial institution on Thursday, co-founder and CEO Bo Davis told the Washington Business Journal in an email.” [Washington Business Journal]
Substance Abuse Discussion Tonight — “Arlington H.S.-wide substance abuse crisis panel March 13 at TJ [Middle School] — this event is hosted in part by W-L, Wakefield and Yorktown high schools. Speakers from DEA, DHS, Arlington PD/Fire.” [Twitter]