Only a few days earlier, Greg Becker, the CEO of SVB, had been at an investor conference answering questions about what he does to relax. Yet before the week was out, he’d seen the largest bank collapse since the 2008 financial crisis.
So how did it come to this? A failed capital raise and a social media frenzy certainly didn’t help. But Matt Turner, Insider’s editor in chief of business, writes that the seeds of SVB’s demise were planted months ago.
Tems, quite literally, stole the show at the Oscars. The Oscar-nominated songwriter went viral after blocking the audience’s view at the Academy Awards with her huge gown. Check it out.
Can Silicon Valley stop the next pandemic? Private capital has been eyeing public health for years. But after COVID hit, the money rushed in for real. The big question is: Can tech startups do a better job than the government of safeguarding us? Here’s what to know.
Aircraft “close calls” are on the rise. The head of the National Transportation Safety Board said it’s “very concerned” about the rise in close calls and that the FAA needs to “take action.” More here.
The mysterious Minerva Julie. The question of who blew up the Nord Stream pipelines is likely to remain unsolved for some time. But days before the explosions, a tanker called the Minerva Julie was drifting nearby in the Baltic Sea. Read on.
“I built an ADU in my backyard that brings in $3,000 a month.” Joyce Higashi is a San Jose native who built an accessory dwelling unit in her backyard for $230,000, leasing it out to traveling nurses for three months at a time. Here’s her best advice for doing the same.
“I flew in business class for the first time.” Our reporter took a 12-hour flight from Los Angeles to Auckland, New Zealand. She said it was the best flight of her life, but at $6,000, she said she wouldn’t do it again. Read more.
Sailing to Antarctica is a notoriously treacherous journey — but it’s so worth it. Alyssa Ramos is a travel influencer who crossed the Drake Passage, a famously rough ocean passage that ships take to Antarctica, three times back and forth. Here’s a look at her pilgrimage — and why she keeps going back.
World Wide Waste
How mushroom startups use fungi to fight waste. There are over 10,000 varieties of mushrooms, and companies all over the world are using them to solve all kinds of problems. We looked at four different businesses building a more sustainable future out of fungi. Check it out.
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