The GFC and Silicon Valley Bank: History Repeats Itself

Startups across the US, UK and Australia have had their fears confirmed that banking will feel much more ‘traditional’ in the wake of the Silicon Valley Bank collapse, potentially stifling innovation and ambition.

The collapse and aftermath serves as a reminder that we need greater global banking competition, particularly in the technology industry, to serve the needs of a modern startup. Without it, founders will find themselves on the receiving end of an unempathetic financial services provider that fails to capture the value of their ideas or work at the speed they need.

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