Silicon Valley Bank failure could shake Colorado startup scene; bankers say damage contained

In what felt like a flashback to 2008, Silicon Valley Bank collapsed Friday after a run on its deposits by venture capital firms, sending shockwaves through the financial sector and startup communities across the country, members of which rely on the Santa Clara, California-based institution for financing. 

In Colorado — particularly in startup-centric markets such as Boulder, where SVB tends to have client clusters — business leaders are sending out the call to circle the wagons, while the state’s top industry group is urging calm.

“Silicon Valley Bank has strong connections in our startup and entrepreneurial community, particularly in the tech sector.…