The fallout from SVB's stunning collapse | IRA impact on biotech | Poll time!
Boston Business Journal
The Boston region's source for local business news & events. Part of the American City Business Journals network.
Welcome to the BBJ's LinkedIn Weekly Edition! I'm Digital Editor?Jess Aloe, bringing you the top business stories from this week.
Silicon Valley Bank's stunning collapse
Not since the collapse of tech law firm Testa Hurwitz and Thibeault in the wake of the dotcom bubble bursting have Boston-area startups and venture capitalists seen a key tech-focused firm implode so spectacularly.
California banking regulators shut down Silicon Valley Bank Friday, a stunningly swift collapse of a financial institution that's heavily intertwined in the Bay State's startup, biotech and tech ecosystem.?
Nobody else in Boston is covering this story like the Boston Business Journal, and we'll be continuing to closely track the fallout and the impact on Boston.?
And catch up on our coverage:?
And if you're a founder, a VC, a biotech executive, a banker, or a former employee of SVB, and you want to talk, we want to hear from you. You can find all of our contact information here.
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Here's what else you need to know this week:
The Inflation Reduction Act is changing how biotechs do business
Biotech investor Peter Kolchinsky is giving some unusual advice to one of his Boston-based portfolio companies: formulate a new drug as a biologic — a large molecule made from a living cell line — rather than a small molecule, which is chemically derived.?
Find out why—and how the Inflation Reduction Act is changing the biotech sector—here.
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The economics of higher education
Massachusetts, known for its numerous colleges, is a national focus point for some of the biggest issues facing higher education, including the Supreme Court review of affirmative action policies, the validity of school rankings and rethinking the worth of a college degree, leaders said last Thursday at the Boston Business Journal's Economics of Higher Education event.?
Couldn’t make the event? Read a recap here.
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Inno Madness round two is open!
Earlier this week, we kicked off Inno Madness 2023 with 64 companies from across Boston’s tech and innovation ecosystem. Nearly 2,500 votes were cast in round one, which helped us narrow down that list of companies to 32. Voting is now open in round two – cast your votes now!
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Moderna’s Seattle expansion
The Cambridge-based company plans to hire up to 220 employees in Seattle, a company spokesperson confirmed. Moderna didn't specify how large the space would be, but the spokesperson said it will open April 4. Get the details.
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We want your feedback!
The latest poll by the Boston Business Journal and Seven Letter Insight is now live and accepting responses.
The survey focuses on the impact of public transit on Boston-area workplaces, and asks respondents to grade the region's public-transportation options.?The survey takes less than 2 minutes and is available here.
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