Their Bank Was Crashing. They Wanted Their Money. They’re a Cat-Food Startupslate.com/business/2023/03/silicon-valley-bank-startups-panic-smalls-cat-food.html
The first hint of panic came at 10:08 a.m. last Thursday.
“Do you have cash with SVB?” a lead investor texted Matt Michaelson, the founder of Smalls, a direct-to-cat-owner company that aims to give felines the nutritionist-vetted human-grade pâté that they deserve.
“Yes, was just going to ask you about this,” Michaelson responded from his home office in Portland, Oregon,…
This story appeared on slate.com, 2023-03-17.