Billionaire Bill Ackman recently issued a warning noting that the government has just 48 hours to fix the 'irreversible mistake' of the collapse of SVB. His urgent call was answered when the FDIC took swift action, noting that insured depositors would have access to their deposits by Monday and that uninsured depositors would receive an "advance dividend within the week". This move by the government may fulfill the most immediate needs of tech startups who lost access to their SVB accounts, but more could be done to ensure the tech sector - an engine of economic growth - survives.

Senator Chris Coons proposed the establishment of a new domestic industrial development bank, which could provide bridge loans to the tech industry, and the Small Business Administration could step in with emergency loans, similar to when Covid hit in March 2020. California and the federal government also have Technology Modernization Funds which could