Doppler & SVB Update
Blog post from Doppler
The Silicon Valley Bank (SVB) collapse has had a significant impact on startups, including Doppler, which incorporated through the Stripe Atlas program in 2018 and uses an SVB bank account. Despite being affected by the shutdown, Doppler remains operational with its capital held in Mercury and is taking steps to minimize risk of a cascading industry-wide bank run. The company is offering two free months of services to paying customers impacted by the event, as CEO Brian Vallelunga empathizes with their situation and shares his understanding of similar past experiences.
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