3 ms·
My understanding is banking for businesses is fairly hands-on and relationship-based, and for the same reason that normal investors don't deal with startups (so
by closeparen 4y ago
My understanding is banking for businesses is fairly hands-on and relationship-based, and for the same reason that normal investors don't deal with startups (so you have VCs), normal bankers don't want to either (so you have SVB). Startups are weird. Their relationship with money is weird. No steady cash flow like a normal small business, no collateral like a real estate thing, $100 million check in the door one day, broke the next.