After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. The company announced late Sunday (April 2) that it had filed for Chapter 11 bankruptcy protection and was looking to sell Spresso, its software business.
After weathering recession and military conflicts, Israel's high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source and a proposed judicial overhaul threatens the bedrock of corporate law.
Between 2020 and 2022, SVB Financial, while a bank, really acted like a growth company. If there's anything to learn from the bank's collapse it is to challenge exceptional growth.
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