Connecticut’s Governor Lamont Worries SVB Failure Will Hamper State’s VC Funding

Connecticut Governor Ned Lamont said he worries the collapse of Silicon Valley Bank could cause a pullback in early stage venture capital, putting a cap on the state’s booming new business figures.

“I do worry it’s gonna make banks a lot more cautions around the country and that could impact the economy,” Lamont said in an interview with Bloomberg Radio on Friday. “I think one of the greatest strategic advantages this country has is the liquid capital market and that starts with investment capital, that starts with venture capital and in particular seed capital, which is what we’re doing in this state.”