Why SVB was more than just a Big Tech bank
Silicon Valley has finally started to breathe easy, though not too easy. It has been a tense few days for everyone in the technology industry. Startup founders, their employees, their investors, lawyers, accountants, doctors, and countless others who make a living from the innovation ecosystem have been suffering from collective apprehension. The culprit was the seemingly sudden failure of Silicon Valley Bank, or SVB, as it was known around Silicon Valley. SVB, which started as a small regional bank in 1983, transformed itself into a technology-focused bank in the early Nineties. Its rise reflected the growing fortunes of the technology industry at large.
