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According to Ankit Parasher, Co-Founder of YC-backed fintech start-up SALT, “SVB was the default bank for any international start-up expanding operations to the
by QuercusMax 4y ago
According to Ankit Parasher, Co-Founder of YC-backed fintech start-up SALT, “SVB was the default bank for any international start-up expanding operations to the US. It was a stable bank and most VCs recommended it, so the impact of SVB failure is expected to be even larger than just Indian SaaS companies and YC-backed start-ups.”
From https://www.thehindubusinessline.com/companies/indian-saas-and-yc-backed-start-ups-may-feel-the-heat-of-svb-shutdown/article66607856.ece https://www.thehindubusinessline.com/companies/indian-saas-a...
- eldritch_4ier 4y agoEven still, YC doesn’t give any recommendations on bank account that I’ve seen. For ourselves, we had to do some corporate clean up before YC and while they connected us to the right lawyers and provided basic review, it was really just between us and our lawyers. For wiring the money, they just ask you where to send it. SVB is no doubt popular, but YC makes no recommendations on any banks whatsoever in my experience