General Discussion Topics, page-92708

FIRST BANK TO FAIL BECAUSE OF VC BACKED
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Silicon Valley Bank was founded in 1983, the bank carved out aniche as the go-to bank for start-ups and venture capital. Silicon Valley was its name and client base.

The bank served half of all venture-backed businesses in the USand nearly half of all the VC-backed tech and healthcare stocks that went public last year.

The bank grew to become the 16^th-largest bank in the US. And it owed a lot to the pandemic for its size.

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The reason VC-backed startups fail more often than not is not due to external factors, but internal. In other words, the startup doesn't fail, the founders fail each other, and in return, fail the startup.

Seven out of ten of the world's largest companies, including Apple and Amazon, were venture capital-backed? In addition to the iPhone, venture capital financing has led to the electric car, mRNA vaccine, and the search engine.

Wouldn’t it be great if the next banks to fail were,State Street and Goldman Sachs.