Giorgi got connected to the California bank through Techstars — a prestigious start-up mentorship program. SVB reps flew to Colorado, where the program took place, took her to lunch and courted her.

Any time a start-up wanted a loan, the bank talked to its backers, said Samir Kaji, who worked at SVB in the 1990s and is now chief executive of Allocate, a tech platform for managing venture ...

Like a lot of startup founders, Liz Giorgi watched the ... the majority of which was tied up at SVB. Giorgi had scrambled to get board approval to move the money elsewhere, but once the feds ...

Brex, for its part, is fast-tracking founders who want to spin up bank accounts ... event to the startup ecosystem.” The big question ahead is whether founders leaving SVB want to trust a ...

TechCrunch is currently busy reporting the hell out of the SVB crisis ... the startup, the greater its cash needs likely are, and the harder they will be to bridge with straight-up cash.

(Sequoia is Stripe’s largest investor.) Before SVB sprang to life, it was difficult, if not impossible, for a start-up to secure a relationship with a large, established bank. Small west coast ...

chief executive at Hangzhou-based banking platform start-up QBIT, said in the past three days it had received six times as many queries on creating accounts as usual, mostly from SVB clients.

The company, a startup itself, switched to JPMorgan Chase, but not soon enough: Paychecks were already “in flight” with SVB and have yet ... to assist in setting up temporary cash funds ...

Moody's downgraded the company's credit rating. SVB caters heavily to the start-up and tech industries. As liquidity funneled into the banking system during the early part of the pandemic and tech ...

With so many early- and mid-stage start-ups, the SVB issue has created an unpleasant scenario in the global start-up ecosystem. The SVB crisis resulted from a combination of factors and can be ...