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You have to acknowledge a bank named Silicon Valley and having absolutely terrible technology and only recently a mobile app that is not even native is somewhat
by nodesocket 10y ago
You have to acknowledge a bank named Silicon Valley and having absolutely terrible technology and only recently a mobile app that is not even native is somewhat of an oxymoron. They also nickel and dime fees.
While I am sure SVB does assist with loans, investors, legal, most small businesses and startups just need a checking account and going with SVB is a mistake.
- curuinor 10y agoVC's and tech financing really have awful technology in and of themselves. You can think of it as the cobbler's kids having no shoes or you can think of it as really technically competent folks only really being attracted to VC to get conventional VC money and not ever as customers, but they often just run on excel and such.
- brazzledazzle 10y agoI wouldn't be surprised if being burned by one of their investments going under has made them wary of jumping headfirst into trends. Maybe avoiding bias plays into it too.