Re:Silicon Valley Bank’s shares are tanking as a mess unfolds
by borski on Friday March 10, 2023 @12:49AM
(#35090867)
Having worked with both major banks (BoA, Chase) and startup focused banks (SVB, First Republic, Square1) - you’re incorrect. BoA and Chase are great for personal capital, but for startups they are horrendous. Huge pains to convince them you’re not a drug dealer and aren’t going to die tomorrow. SVB, FRB, etc., understand startups and make it possible to… bank with them.
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