In Silicon Valley, a increase period feels prefer it’s ending

If it was not apparent by 2022’s sharply decrease monetary outcomes for many tech firms, the stunning collapse final week of Silicon Valley’s go-to financial institution marked the bitter finish of the previous decade’s huge tech increase.

The close to Lehman-like collapse of Silicon Valley Bank final Friday was a large blow to the startup and venture-capital ecosystem, the place new concepts and firms come from. And earlier this week, extra layoffs and restricted hiring at Meta Platforms Inc. META and Apple Inc. AAPL, respectively, pointed to a doubtlessly longer…