The Human Cost: ‘I thought my business was done’: How the SVB collapse impacted one small business CEO and how he will manage cash in the future

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Sitting at his home office desk in New York on the Tuesday after the failure of Silicon Valley Bank, Rafat Ali is trying to get back to work running his company, Skift, a travel news website and event host. He’s been glued to that spot since the Friday before, when he saw the news on Twitter and realized he had millions frozen in the company’s business account.  

“I thought my business was done,” says Ali, who is chief executive officer and founder of Skift. “Friday morning, I was a complete mess.”