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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She called it 'the worst 18 hours of my life.'[/quote] Honest question -- should we care about that?[/quote] Should you care about one individual and company? No, probably not. Should you care that thousands of companies only have access to $250k? Yes. If all of these companies didn't make payroll this week then it would have serious consequences. [/quote] There was an interview on NPR yesterday in which a startup that banked with SVB said they chose it because SVB understood the needs of tech startups, and what I hear when I hear that is "We needed financing from someplace that shares our delusions rather than looking for actual financial value."[/quote]
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