silicon valley bank
After surpassing $100M in ARR, Harness grabs a $150M line of credit
Harness isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised…
How well do you remember everything that happened this year? Quiz yourself and find out!
SVB’s commercial banking president: ‘Come on back, the water’s fine’
Four players in the banking industry spoke about what they are doing to offer startups and investors new alternatives in a post-SVB world.
Armed with First Republic alums, Citizens Bank unveils new startup-focused private bank
When Silicon Valley Bank imploded in March, Sam Heshmati wasn’t naive enough to think that First Republic Bank — where he had worked for more than a decade and helped…
Hey, stuck startups, reducing growth could make you less fundable
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
When Silicon Valley Bank collapsed in March, a flurry of startups rushed to step in to help fill a gap in the startup and venture capital community. One of those…
How one software engineer is turning Silicon Valley Bank’s collapse story into a musical
Mauricio Costa was inspired by stories about the bank’s demise and is giving them a gospel and hip-hop treatment in a new musical.
The collapse of SVB does bring new opportunities for venture debt lenders, but they aren’t interested in SVB’s early-stage strategy.
Venture debt, in many ways, used to be an afterthought. But in the post-SVB world, raising this kind of debt is going to look very different.
5 investors discuss what’s in store for venture debt following SVB’s collapse
VCs don’t think venture debt is going away anytime soon, but five investors said getting it now will look different than before.
Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site,…
In the wake of FRB’s collapse, founders and investors continue to wonder: Where is the best place to protect important assets?
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Mary Ann, Natasha and Alex…
Silicon Valley Bank’s chief risk officer is out, months after taking the job
When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: The bank spent most of last year without a chief risk officer, and the…
Three key areas of proposed intervention by the SEC offer examples of why the venture community should be paying attention:
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How a fintech company handled a fintech crisis
Spend management company Airbase found itself trying to access its own funds while also helping customers make payments through Silicon Valley Bank during the bank’s collapse.
For Israeli entrepreneurs, the prospect of rising pressure on the country’s credit rating made banking diversification a more pressing issue.
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SVB collapse spared an already muted venture deal market
The past year has been tough for startups and investors, but at least Silicon Valley Bank’s downfall isn’t likely to make it materially tougher.
First Citizens is acquiring $72B in deposits and loans from Silicon Valley Bridge Bank
First Citizens has agreed to buy Silicon Valley Bank, the California lender whose collapse sent shockwaves through the financial sector.
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Now is the time to invest in Black-owned banks
It’s essential to consider this moment as an opportunity to start banking with some of the few Black-owned banks.
Emerging managers hope the new SVB offers the same support to new VCs
When it came to emerging managers, SVB went beyond just banking resources. These young VCs hope that support isn’t lost.
Silicon Valley Bank’s crash is providing valuable lessons all over the world
This week, some of my colleagues took a deep dive into the effects on consumers, businesses, banks, investors, etc. — all over the world — showing just how connected the…
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
As a serial entrepreneur who has famously endured some ups and downs, Parker Conrad thought he’d seen it all. Still, he never imagined that there would be a run on…
Banking isn’t the only ‘single point of failure’ entrepreneurs should be rethinking
Silicon Valley Bank’s collapse reminds us of the entrepreneurial art of balancing ambitious risk and necessary caution.
SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next…
‘BRB, storing my money in gold’: Founders scramble to figure out which banks are safe
While diversifying assets feels obvious in retrospect, actually following that bit of advice is harder than it seems.
First Republic Bank could see $30B in rescue deposits coming, report says
First Republic Bank was caught in the wake of Silicon Valley Bank’s collapse over the weekend and saw its shares plunge earlier this week. Shares were rebounding as this new…
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Top crypto app downloads rise over 15% following SVB collapse
Following a shakeup in the U.S. banking system over the past week, crypto exchanges and wallets gained momentum as some look for bankless alternatives. The top 10 crypto applications for exchanges and wallets saw downloads rise about 15% since Silicon Valley Bank’s stock fell 60% last week, according to a…
A lot has happened with SVB, and unless it’s your job to edit the news, it’s possible you missed a slice of the saga, if not the entire story. Here’s…
