They offered accounts to orgs that weren’t eligible elsewhere and offered “venture loans” that were designed around the unique financial flow of startups since

They offered accounts to orgs that weren’t eligible elsewhere and offered “venture loans” that were designed around the unique financial flow of startups since startups don’t meet traditional lending criteria. These loans amplified and smoothed the funding of the startups, but required parking all your deposits with SVB as collateral. (Whoops)