Review on Silicon Valley Bank by David Olayide
Silicon Valley Bank For Start-ups
Silicon Valley Bank (SVB) is a technology commercial Bank based in the United States that was established sometime in 1983. The bank is a very big one and is headquartered in California. The bank actually provides finance for startups and till date they have provided funds for over 30,000 startups. SVB focuses basically on lending money to technology companies. This includes firms or other companies that have investments in technology and biotechnology.
I also learned that the bank provides private banking for select individuals with high net worth. It addition to giving loans, the bank operates venture capital and private equity divisions that sometimes invest in the firm’s commercial banking clients. I personally think banks like SVB are very vital to the growth of the economy. Startups in the technology and health sectors, struggle to find funding for their Innovations and ideas. These ideas are of course very valuable to the growth of the economy, providing of job opportunities and also making technological breakthroughs.
Innovators, enterprises, and investors alike can all benefit from SVB. Hardware and infrastructure, health sciences, software and internet, energy and resource innovation. Since the major goal of the bank is to increase their clients probability of success you can be sure that they will do all they can to help startups.
The future has never seemed more certain with the presence of banks like Silicon Valley Bank. Hopefully they will extend the scope of their services to other sectors. For now the idea of such banks in the economy is a very good thing for startups in the technology sector. The bank is well grounded and recognized for it’s activities in the US.
Pros
- SVB is provides funds for enterprises and startups
- SVB covers the technology sector among other sectors too
- Over 30,000 startups have benefited from SVB
Cons
- No disadvantages I have noted
