Easy Loans, Great Service: Why Silicon Valley Loved Silicon Valley Bank


Share post:

Silicon Valley Bank used financial sweeteners and strategic networking to attract both venture capitalists and their nascent tech companies. That strategy powered spectacular growth for decades—and left the sector extraordinarily vulnerable when the

bank collapsed.

SVB, founded in 1983, offered banking services to startups that often weren’t profitable, in some cases didn’t even have a product, and would otherwise have a hard time getting a line of credit or a loan from a larger bank. Venture-capital firms banked with SVB too, often encouraging their portfolio companies to do the same. 

What’s News

Source link


Related articles

11 Best Coffee Makers of 2023

The Breville Bambino Plus produces rich, flavorful, espresso with ease. It has great brew temperature control and...

What is a Cloud POS system?

With Cloud POS technology evolving at eye-popping speed, consumers continue to be bombarded with a variety of...

What’s Behind Train Derailments and Are They Happening More Often?

Recent train derailments, including one in a small Ohio town, have prompted officials to examine what is...

Companies are worried about the dark web…but aren’t really doing much about it

Many Chief Information Security Officers (CISO) are worried about threats coming from the dark web, but aren’t...