- Aug 17, 2017
- 1,610
If you haven't heard of Silicon Valley Bank before, it was a commercial bank that largely served the tech industry. Tech companies and venture capital both banked with the company, which was more willing than other traditional banks to lend money to VC-backed startups that may have been lacking in cash flow. "We bank nearly half of all US venture-backed startups, and 44% of the US venture-backed technology and healthcare companies that went public in 2022 are SVB clients," the bank proudly highlighted on its website. While Silicon Valley Bank made risky investments, what really appears to have harmed the bank was the pandemic. Or, really, what it did due to the tech sector's success during the early days of the pandemic.

Silicon Valley Bank explained: How crypto is being affected.
Stablecoins are taking a hit and Ethereum gas fees skyrocketing.
