Read here for the timeline that lead to the collapse of Silicon Valley Bank (SVB). Silicon Valley Bank (SVB) was a state-chartered commercial bank headquartered in Santa Clara, California. It operated branches in California and Massachusetts. SVB was a pioneer of what is known as venture debt, a type of loan offered by banks and nonbank lenders specifically designed for early-stage, high-growth companies with VC backing. The vast majority of VC-backed companies now raise debt at some point from banks such as SVB.
Image credit: visualcapitalist.dom
No comments:
Post a Comment