As of Saturday afternoon in San Francisco, about 125 enterprise corporations together with Sequoia Capital had signed on to the assertion, spearheaded by enterprise agency Basic Catalyst, in response to an individual aware of the matter. First launched Friday by a smaller group of signatories, the assertion known as the occasions of the final two days “deeply disappointing and regarding,” and mentioned that the buyers would proceed relationships with the establishment if it had been purchased by one other entity.

Additionally on Saturday, the startup incubator Y Combinator posted a petition signed by lots of of founders and chief executives to US Treasury Secretary Janet Yellen and different regulators, asking for “aid and a focus to a right away essential affect on small companies, startups, and their workers who’re depositors on the financial institution.” The petition requested for small companies that had deposited funds at Silicon Valley Financial institution to be made entire, and for Congress to “restore stronger regulatory oversight and capital necessities for regional banks.”

On Friday, a bunch of buyers for high-profile corporations met over Zoom in a collection of conferences, in response to one particular person aware of the discussions. Basic Catalyst Chief Govt Officer Hemant Taneja posted the ensuing assertion on Twitter following the conferences, indicating the assist of Kleiner Perkins, Khosla Ventures and others. Within the hours that adopted greater than 100 different corporations signed on, together with Sequoia, mentioned one of many folks, who requested to not be recognized as a result of the discussions had been non-public. 

“Silicon Valley Financial institution has been a trusted and long-time accomplice to the enterprise capital trade and our founders,” the assertion reads. “For forty years, it has been an vital platform that performed a pivotal position in serving the startup neighborhood and supporting the innovation economic system within the US.”

Basic Catalyst’s Taneja advised Bloomberg that it was vital for tech leaders to speak and agree on a “constant strategy that we hope can preserve enterprise continuity for our corporations.” He added: “Everybody understands that we have now a job to play in making an attempt to calm the scenario.” 

Taneja additionally mentioned that “the run on the financial institution was an unintended consequence of many buyers making an attempt to do the appropriate factor for their very own corporations” and that “panic wasn’t the best way to deal with it.” He mentioned he wished that buyers had guided corporations to take three to 6 months working capital out of the financial institution, slightly than advising them to drag out all of their money.

Many tech leaders have been in contact with lawmakers and regulators because the collapse of SVB, encouraging them to deal with the businesses and jobs which can be in danger due to the disaster.

For VCs and startups, the temper in Silicon Valley heading into the weekend was darkish. On Saturday morning, buyers, founders and executives throughout the tech trade canceled weekend plans to attempt to comprise the fallout from Silicon Valley Financial institution’s collapse for his or her corporations and corporations.

Many buyers took to Twitter and different channels to advocate for assist for SVB depositors. Y Combinator President Garry Tan on Friday known as the financial institution’s collapse an “extinction-level occasion” for corporations and tweeted a name for regulators to step in. 

On Friday night time, many buyers and startup founders attended a webinar with US Congressman Ro Khanna, a Democrat from Santa Clara, California, that lasted greater than two and a half hours. One one that attended mentioned that Khanna expressed frustration with the White Home for staying quiet on the problem. A consultant for Khanna mentioned he took 70 questions, and that the assembly principally centered on serving to startups make payroll. 

On Saturday, the congressman tweeted that he was urging the White Home and Treasury Division to do “no matter is legally permissible” to assist the financial institution. 

— With help by Hannah Miller

Fortune‘s CFO Every day publication is the must-read evaluation each finance skilled must get forward. Join at this time.