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What happened at Silicon Valley Bank is much more a “banking” story than a “tech” story. @SVB_Financial has been, for 30 years or more, a vital cog in the #startup and #vcfunding scene nationally and internationally. That’s not going to change. 1/6
Investment is still happening in areas like climate tech and AI and the bank will be supporting those new companies.
Its diversification and ability to raise capital to deal with its ALM problems differentiate it from a bank like @silvergatebank. 2/6
Its diversification and ability to raise capital to deal with its ALM problems differentiate it from a bank like @silvergatebank. 2/6
But...Silicon Valley Bank's fortunes, and its stock price, have always waxed and waned with tech cycles. This tech cycle was “supersized” in that it lasted for more than a decade and valuations were sky high even by the standards of past booms. 3/6
