3 ms·
I don't get it, what was the big problem? Just that 35M is a big deal to a local bank branch?
by jacknews 4y ago
I don't get it, what was the big problem? Just that 35M is a big deal to a local bank branch?
- dharmab 4y agoTraditional banks' risk models don't work well for startups. SVB was more willing to work with startups, e.g. accepting shares as collateral
- gaadd33 4y agoI don't think that's relevant to the post though. It's essentially saying that a big bank has bankers that want to check on accounts once they get large enough and he didn't understand that