Startups Emerging managers hope the new SVB offers the same...

Emerging managers hope the new SVB offers the same support to new VCs

-

Before it crashed, Silicon Valley Bank was known to many startups and venture companies as the place to park their money or take out a capital cap. But for emerging executives, it was much more than just a financial institution.

Multiple emerging executives told ukbusinessupdates.com+ that SVB helped them build their business from the ground up. It also provided support to help them build networks and feel included in the enterprise ecosystem despite their size. After the bank’s collapse and ensuing chaos, many wondered if the things they loved most about SVB would remain.

Unlike many of their banking competitors – other than the equally entrepreneurial First Republic Bank – SVB is designed to work with people in the entrepreneurial community; it had options for smaller funds that other banks didn’t.

Nisha Desai, Andav Capital’s CEO and managing partner, said SVB was a logical choice for up-and-coming executives like herself because it didn’t have the minimum accounts — or capital requirements — that many other banks had. Those kinds of limits often limit the first money. In addition, SVB provided capital lines to these small funds, enabling them to build their track record while still fundraising.

“They gave you some capital to go ahead and invest in companies from your new funds,” Desai said. “That was helpful. Of course it was not expanded for everyone, but that allowed newer managers to get off the ground.”

But emerging executives said that while the back-end banking business got them involved with SVB in the first place, the commitment to emerging executives made them want to continue the relationship.

Shreya Christinahttp://ukbusinessupdates.com
Shreya has been with ukbusinessupdates.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider ukbusinessupdates.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Latest news

Mostbet Azərbaycan Orc Və Kazino Bonus 550 Azn Başlanğıc

Virtual Oyunlarda oyunçular oyunun müxtəlif aspektlərinə, məsələn, cümlə hesaba, vurulan qolların sayına, qalibə və s. Bu, oyunçulara mərclərini öz...

“pin Up 306 Online Casino Proloq Qeydiyyat, Bonuslar, Yuk

ContentAzərbaycanda Flag Upward Live CasinoIqtibas: Pin-up Bukmeker Kontorunun Üstünlükləri Və Mənfi CəhətləriSadiqlik Proqramı Pin Upwards – Pincoins Nədir?Pin Up...

Пин Ап Казино Официальный Сайт Pin Up Casino Онлайн

ContentElektron Cədvəl – Pinup-ın XülasəsiNəyi Tökmək Lazımdır: Saytın Mobil Versiyası Və Ya Bir Tətbiq?Etibarlılıq ProqramıPin Up: Kazino Va Rasmiy...

Лучшие Игровые Автоматы В Онлайн Казино Самые Популярные Слоты, Рейтинг 2024 незадолг

Лучшие Игровые Автоматы В Онлайн Казино Самые Популярные Слоты, Рейтинг 2024 незадолгоРейтинг Лучших Онлайн Казино 2024 года На Реальные...

такие Онлайн Казино Рейтинг Топ Казино для Игр

такие Онлайн Казино Рейтинг Топ Казино для ИгрыЛучшие Онлайн Казино 2024 ⭐топ Казино На Деньги от Casino OnlineContentКазино ОнлайнEverbet...

Mostbet-az 45 Azərbaycanda Bukmeker Və Kazino Bonus 550+250 คณะวิศวกรรมศาสตร์ มหาวิทยาลัยนครพนม

Mostbet nadir bukmeker şirkəti bahisçiləri cəlb eləmək üçün səxavətli “Sən buna layiqsən” bonus proqramı təqdim edir. Hesabı yaratdıqdan sonra...

Must read

You might also likeRELATED
Recommended to you