- SVB provided a necessary banking service to tech start-ups when larger banks ignored them.
- SVB had 40,000 customers, most of which were tech companies.
- SVB had offices in the US and overseas.
- SVB was a pillar of the tech industry, providing support for college students and community gardens.
- SVB's demise weakens the US' hold on groundbreaking technologies.
SVB provided for tech when everyone else ignored us
Regardless of the reasons behind the bank’s collapse, it leaves a huge hole for the start-up scene
Michael Moritz
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