Ian
· 11 months ago

Was your travel startup impacted by the SVB collapse? Discussion thread for startups

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Ian
Founder, Travel Massive

Just checking in with our community to see if any members have been impacted by SVBs collapse. I know a few travel startups who banked with SVB (we and we used to as well), so I'm sure there's some nervous founders out there.

If you've got a story or advice for fellow founders, then feel free to share here.

11 months ago (edited)
CEO & Founder, NaviSavi

Yes! We banked with SVB but luckily could access funds this week. We did have an investor or two shy away from making some decisions! Hopefully all will be back to normal soon!! :/

11 months ago
Ian
Founder, Travel Massive

Glad you got your funds back!

Here's the story of what happened to Skift (they were with SVB, but moved to another bank who SVB bought — so got caught by this)

www.marketwatch.com/story/i-thought-my-business-was-done-with-millions-locked-up-in-the-silicon-valley-bank-failure-one-ceo-reevaluates-his-relationship-with-the-banking-system-39762eb5

11 months ago
Founder & CEO, YouLi

Happily banking in Australia. Yay for conservative financial systems. ;D

11 months ago
Ian
Founder, Travel Massive

Famous last words, be careful!

11 months ago
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Was your travel startup impacted by the SVB collapse?

Was your travel startup impacted by the SVB collapse? was posted by Ian in Discussion , Startup , United States . Updated on May 25, 2023 (9 months ago). Was your travel startup impacted by the SVB collapse? is not rated yet.
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