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WebMar 14, 2024 · And Christoph Stresing, MD of the German Startups Association, expressed cautious optimism that domestic companies would get off lightly. European stocks fell on banking industry concerns, though, and even start-ups that did not bank with SVB were scrambling. WebThe managing director of the start-up association, Christoph Stresing, welcomes the new edition, but also expresses criticism. Stresing complained that follow-up financing would no longer be funded in the future. He also criticizes the fact that particularly active angel investors are excluded from the funding. fha loan texas requirements 2020