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Apparently SVB gave loans to startups with a condition that companies use SVB as an exclusive banking partner according to a billionaire on Twitter (unfortunate
by spacebanana7 4y ago
Apparently SVB gave loans to startups with a condition that companies use SVB as an exclusive banking partner according to a billionaire on Twitter (unfortunately I’ve lost the tweet so can’t link)
- raldi 4y agoIndeed: https://twitter.com/search?q=svb%20covenant https://twitter.com/search?q=svb%20covenant I guess if someone loans you money, they want to be able to keep an eye on any sudden moves you make with it.