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How Silicon Valley Bank Went Under – And the Tech Execs Who Stepped Up Done vocal

Silicon Valley Bank (SVB) is a well-known bank that has been providing services to the technology industry for many years. However, in the early 2000s, the bank ran into trouble, and it looked like it might go under. This was due in large part to the dot-com crash, which had a significant impact on many of the bank's clients.

At the time, SVB had loaned out a significant amount of money to technology startups, many of which were struggling or failing. As a result, the bank was facing significant losses, and its survival was in doubt.

However, a group of tech executives stepped up to help save the bank. These executives included Steve Jobs, Larry Ellison, and Mike Markkula. They saw the value in having a bank that catered specifically to the needs of the tech industry and recognized the importance of keeping SVB afloat.

These executives provided much-needed capital to the bank, which helped it weather the storm. They also helped to restructure the bank's operations and refocus its efforts on serving the technology industry.

Thanks to their efforts, SVB was able to emerge from the crisis and continue to provide services to the tech industry. Today, it remains a vital player in the technology finance world and continues to provide innovative financial solutions to startups and established tech companies alike.

The story of how Silicon Valley Bank went under and was saved by tech executives is a testament to the importance of having a bank that understands the unique needs of the technology industry. It also highlights the importance of collaboration and support within the tech community, as these executives were able to come together to help save a critical institution.

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