The tech startup ecosystem remains in limbo as federal authorities review bids for Silicon Valley Bank (SVB) and a temporary bridge bank tends to daily operations. The venture capital pipeline, which flowed through SVB to fuel the growth of young companies, was already under stress from inflation and rising interest rates. While downstream impacts on funding and innovation aren’t yet clear, the potential implications are serious enough for companies to reexamine vendor portfolios.
SVB’s support role went beyond banking, according to Ronak Doshi, Partner at Everest Group. It extended to “networking events and summits and to product, risk, and financial advisors,” he said.
