What The Loss Of Silicon Valley Bank Means For Silicon Valley
Mint Mumbai|March 20, 2023
Silicon valley is a tough place to be a banker. Startup bosses call with references but no revenue. Loans can seldom be secured against physical assets.
What The Loss Of Silicon Valley Bank Means For Silicon Valley

Many clients fail. Silicon Valley Bank (SVB) netted nearly half of America's venture-backed technology and life-science firms as clients by providing what a venture capitalist calls the "the white-glove, redcarpet treatment". This was not just about the lunches and events it put on for clients: SVB established itself as a reliable cog in Silicon Valley's dream machine. In the Financial Times, Michael Moritz of Sequoia Capital, a grand venture-capital outfit, lamented the loss as akin to a "death in the family".

この蚘事は Mint Mumbai の March 20, 2023 版に掲茉されおいたす。

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この蚘事は Mint Mumbai の March 20, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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