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Or maybe the conservative old guard banks do understand, that startups without reliable cash flow, or on a growth-at-all-costs trajectory, are poor lending pros
by listenallyall 4y ago
Or maybe the conservative old guard banks do understand, that startups without reliable cash flow, or on a growth-at-all-costs trajectory, are poor lending prospects. Seems whatever you claim that SVB "understood" led to its demise.
- jedberg 4y agoWhat appears to have led to the demise was when they branched out beyond startups into more traditional banking activities like mortgage backed securities.