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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.
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!! :/
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
Happily banking in Australia. Yay for conservative financial systems. ;D
Famous last words, be careful!