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| Hi!
Wow, the Silicon Valley Bank Black Swan event may make raising capital even tougher!
Well, Silicon Valley Bank was seized by regulators... What can I say but, wow! And not a good wow either. We banked with SVB in the DoBox days (our first startup). Their marketing strategy is to reach out to companies who have raised a round of funding and encourage them to bank with SVB. Something like 50% of startups do so…Well, used to do so.
In what seemed to be a matter of a few days, the startup community and the VCs, which have benefited from SVB for decades, turned on the bank, launched a serious bank run and it was seized by regulators, aka shut down.
Soooo, what happens now. Well I can tell you this, the startup ecosystem just got upended...
As always if you need some help, we have an online course as well as personal coaching to help you put together an award-worthy proposal.
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| Don't forget to check out my video course on SBIR:
It's full of practical, step-by-step instruction on how the SBIR/STTR REALLY works!
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Here's to Entrepreneurship!
Nicole and the VentureWrench Team
P.S. Check out our latest blog post at Notes.VentureWrench.com with tips to help you take advantage of every opportunity to succeed.
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