Regulators shut down First Republic Bank, named JPMorgan as the buyer of $330 billion in assets and deposits, FDIC on the hook for $13 billion

First Republic Bank (FRB), which teetered on the brink of collapse in the weeks following the Silicon Valley Bank crisis, has finally collapsed, but with a relatively quick fix for the next chapter: Today, the Federal Deposit Insurance Corporation (FDIC) ) announced that it was being shut down by the California Department of Financial Protection … Read more

Meet Visa, Mayfield, DuploCloud and more at Disrupt

MinRegion disrupts 2023 will take place September 19–21 in San Francisco and — if you don’t already know — it’s the big tent of the startup world. It attracts founders, investors, CEOs, tech professionals, scientists, policy makers, researchers and entrepreneurs. Here you will find inspiration, gain knowledge, forge new relationships and discover tools to build … Read more

The familiar struggles of the cultured meat industry will take time to sort out, and maybe that’s okay

The Wall Street Journal went under the hood of the lab-grown meat industry, also known as cultured or cell-grown meat, and the struggles within it. The Journal specifically took a look at what’s going on at UPSIDE Foods, which received a blessing from the U.S. Food and Drug Administration regarding its process of making farm-raised … Read more

Pitch for the check you want

Welcome to Startups Weekly, a nuanced look at this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. Subscribe to receive it in your inbox here. Tech’s guiding principles aren’t that hard to come by these days: discipline, focus, and money conservation. But I’ve always found those same concerns to be … Read more