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Newly formed VCs are anticipating that the recently established SVB will provide equivalent assistance to emerging managers like its predecessor.

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.

Vaibhav Kulkarni
I am Vaibhav Kulkarni, Blogger By Passion, Civil Engineer By Profession. I am Tech Enthusiast and Travel Lover. I started my journey 3 years back with some ideas and no coding experience. I was always fascinated with technology and its credibility. I firmly believe in "Creating jobs rather than asking for one".