Silicon Valley Bank (SVB) was a popular financial institution among startups and venture firms for its capital line and support. For emerging managers, it was a valuable resource for building their firms and networks while feeling included in the venture ecosystem. Unlike other banks with account minimums and net worth requirements that restrict first-time funds, SVB was designed to work with people in the venture community and offered small funds capital lines to start building their track records while still fundraising. The back-end banking operations got emerging managers involved with SVB, but its commitment to them is what made them want to continue the relationship.
Newly formed VCs are anticipating that the recently established SVB will provide equivalent assistance to emerging managers like its predecessor.
