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A comment on Silicon Valley Bank’s shares are tanking as a mess unfolds. Parent comment

Re:Silicon Valley Bank’s shares are tanking as a mess unfolds by twelve40 on Friday March 10, 2023 @02:29PM (#35099575)
the person i was replying to said no way a brand new corp can get an account or credit cards, they didn't say anything about millions. That directly contradicted my experience, and despite being "anecdotal", I'm sure i was subject to the same rules and equations as everyone else.

If you want another anecdote - this one has millions in it - my last startup banked with Wells Fargo from pre-seed right up to series A with >10mil in three funding rounds and never had a single problem. Must be my crazy luck here as well!

At any rate, SVB is dead now, so it's pointless to argue whether they were really a startup's best friend or just hyped that up. They are not anyone's friend anymore, they are dead and the only real question here is how to get the damn money back from them.

[ Parent | on HN ]
Re:Silicon Valley Bank’s shares are tanking as a mess unfolds by zamnos on Friday March 10, 2023 @08:33PM (#35104108)
This is the Wells Fargo that got in trouble for creating 2.1 million fake accounts for customers who never asked for them, got caught by the CFPB, paid $185 million in fines, and has been desperate for customers ever since? Yeah, actually, you did get lucky with them, they really do want your business.
[ Parent | on HN ]