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For those who don't know, Silicon Valley Bank provides merchant banking services for a pretty big fraction of Bay Area start-ups. They have a reputation for "ge
by URSpider94 10y ago
For those who don't know, Silicon Valley Bank provides merchant banking services for a pretty big fraction of Bay Area start-ups. They have a reputation for "getting it," in terms of being able to support venture-backed pre-revenue companies. This does make the giant paper statement even more ironic.
- vostok 10y agoI was not aware that SVB has a merchant banking business. Do you have a reference for that? I worked in a similar business at a different bank so I know they can be a little secretive about things of that nature.
- ylhert 10y agoCorrect, in fact there is probably no one better for a startup's first bank account (it was my first startup's bank account)! But be careful, if your transaction volume gets too high you might need to invest in a sizable mailbox ;)