Odaily Planet Daily News More than 100 venture capital and investment institutions signed a statement in support of Silicon Valley Bank, which is part of a growing number of industry calls to reduce the impact of the collapse of Silicon Valley Bank (SVB) and avoid possible "extinction-level events" for technology companies. According to a person familiar with the matter, as of Saturday afternoon in San Francisco time, about 125 venture capital institutions, including Sequoia Capital, signed the statement, led by General Catalyst. The statement was first released by a small group of signatories last Friday. The statement said that the events of the past two days were "deeply disappointing and worrying" and said that if the institution is acquired by another entity, investors will continue to maintain a relationship with the institution. Also on Saturday, the startup incubator Y Combinator issued a petition signed by hundreds of founders and CEOs, writing to U.S. Treasury Secretary Yellen and other regulators, asking for "mitigation and attention to the direct and significant impact on small businesses, startups and their employees who are bank depositors." The petition calls for the reorganization of small businesses that deposit funds in Silicon Valley Bank and for the U.S. Congress to "restore stricter supervision and capital requirements for regional banks." (Bloomberg)