Michael Wagner in Startup Savant: What Bank Failures Mean for Startups

The recent collapse of Silicon Valley Bank and Credit Suisse could be affecting early-stage businesses.

According to Startup Savant, even startups that were not banking at SVB and Credit Suisse could be feeling the ripple effects, and there are some things young companies should keep in mind when it comes to protecting cash moving forward.

To learn more about how impacted startups can weather the storm, the publication turned to Omnia Family Wealth Co-Founder Michael Wagner.

“It’s a negative for business formation,” Wagner told the publication. “It’s just going to be harder to fund a new business. Credit is drying up.”

To read the full article, including expert insights into where early-stage businesses should put funds, click here.

Have Questions for An Advisor?

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Cracking the Code of High-Yield Bonds: Expert Guidance from Michael Wagner

Cracking the Code of High-Yield Bonds: Expert Guidance from Michael Wagner

Read More
Michael Wagner on The National Desk: What Happens If the US Defaults on Its Debt?

Michael Wagner on The National Desk: What Happens If the US Defaults on Its Debt?

Read More
Michael Wagner in U.S. News & World Report: The Importance of Focusing on What You Can Control in Investing

Michael Wagner in U.S. News & World Report: The Importance of Focusing on What You Can Control in Investing

Read More
Michael Wagner in the Miami Herald: Strengthening Bonds within the Jewish Community

Michael Wagner in the Miami Herald: Strengthening Bonds within the Jewish Community

Read More
Michael Wagner Earns Acceptance into the Prestigious Wexner Heritage Program

Michael Wagner Earns Acceptance into the Prestigious Wexner Heritage Program

Read More
OMNIA FAMILY WEALTH CEO STEVEN WAGNER NAMED AMONG BARRON’S TOP ADVISORS OF 2023

OMNIA FAMILY WEALTH CEO STEVEN WAGNER NAMED AMONG BARRON’S TOP ADVISORS OF 2023

Read More
Michael Wagner in The Street: Opportunities, Risks and Back-Up Banks

Michael Wagner in The Street: Opportunities, Risks and Back-Up Banks

Read More
Michael Wagner in Barron’s: Things to Consider When Retiring to the Sunshine State

Michael Wagner in Barron’s: Things to Consider When Retiring to the Sunshine State

Read More
Michael Wagner Discusses “Safer” Investment Strategies with Yahoo! Finance

Michael Wagner Discusses “Safer” Investment Strategies with Yahoo! Finance

Read More
©2023 Omnia Family Wealth, All Rights Reserved.