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What I'd like to know is what services SVB offered to startups that other banks wouldn't/couldn't/didn't. And if other banks wouldn't/couldn't/didn't, if there
by Scoundreller 4y ago
What I'd like to know is what services SVB offered to startups that other banks wouldn't/couldn't/didn't. And if other banks wouldn't/couldn't/didn't, if there was a valid reason for it.
I can understand legacy banks not wanting to touch crypto, but what about the rest?
Or was a lot of SVB adoption just due to name recognition in the startup ecosystem?
- paulddraper 4y agoSVB made revenue based debt financing super easy. See Lighter Capital. Whether that was smart or dumb, idk