In the wake of the Silicon Valley Bank failure
SANTA CLARA, CALIF. — Nearly a month has passed since the sudden collapse of Silicon Valley Bank, an event that marked the second largest bank failure in the nation’s history and directly impacted several food and beverage startups, including Omsom, The Better Meat Co., Tea Drops and others. Sashee Chandran, founder and chief executive officer of Los Angeles-based Tea Drops, was exhibiting at Natural Products Expo West in Anaheim, Calif., showcasing the brand’s line of bagless, dissolvable tea blends, when she heard “whispers of founder talk around moving money” from the beleaguered bank that quickly unfolded into “a full-blown panic.”…
