The way I understand it, young people heading startups are often financially and businesswise naive, and SVB would hand-hold them through a lot of things they had to do regarding banking. You could walk in with your documents and they would set everything up for you with enthusiasm. This is difficult to find in classical banking.

Here’s an article from 2015: https://www.latimes.com/business/la-fi-silicon-valley-bank-2...

Thank you