Monday, March 13, 2023

Wired: What Happens To Banking For Tech Startups?

Despite the dramatic bank run and failure of Silicon Valley Bank, a new question has emerged out the chaos: what happens to banking for technology startups? According to WIRED, Silicon Valley (and similar, startups across the globe, including Southern California), will still need a bank, with very specific requirements for startup companies that have only been served by a small handful of banks catering to technology companies and VCs. (Editor's note: this newsletter has previously been sponsored by SVB, as well as a number of other tech focused banks).