, they had a Bank of America small business account, but the account didn't have the services the startup needed.
"Silicon Valley Bank understood that even though we may have only had $10,000 or so in deposits at the time, we had a lot of potential," Clerico told CNBC.in December 2017. "That early investment in our relationship paid off," Clerico told CNBC. "Over time our deposit balances grew to hundreds of millions, we borrowed millions from them in venture debt, and we processed billions through their accounts."fund investing in wildfire technolog. He ardently hopes somebody can fill the gap left by SVB.
"Some folks may conflate their balance-sheet-driven meltdown with the failure of this startup-focused business model — but in fact, I think that banking startups continues to be a great business and a role that someone needs to fill," Clerico told CNBC.
Chicken crest and peaks. The egg arrive, now you can cook it.
Good!
Great news!