Failed Silicon Valley Bank Was Everything, All At Once For Tech Startups
Here are the various ways the bank of Silicon Valley stretched its tentacles around the tech industry and beyond.
What was Silicon Valley Bank to the world of startups and venture capital? Practically everything.
Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene, serving half of all venture-backed companies in the US and 44% of the venture-backed technology and health-ce companies that went public last year. And its offerings were vast - ranging from standard , to VC investment, to loans, to currency risk management.
The bank says on its own website: "There are many ways to describe us. 'Bank' is j
Comments
Post a Comment