At Silicon Valley Bank, risky tech start-ups are lucrative business
J Thoendell stashed this in Tech
Part lender, part consultant, part cheerleader and part investor, Silicon Valley Bank has been a nursemaid to countless start-ups — Airbnb, Fitbit, Pinterest and TrueCar, to name some recent ones — as well as banking the venture capitalists who fund them.
By many measures, the bank has outperformed bigger rivals, not just by lending to fledgling firms but by taking small ownership stakes in them to help offset their higher risks.
Stashed in: Silicon Valley!
SVB has thrived in every economic climate.
Taking ownership stakes in startups has made them a lot of money.