Silicon Valley Bank: The Rise and Fall of a Community Bank for Tech

Silicon Valley Bank: The Rise and Fall of a Community Bank for Tech

by Xuan-Thao Nguyen
Silicon Valley Bank: The Rise and Fall of a Community Bank for Tech

Silicon Valley Bank: The Rise and Fall of a Community Bank for Tech

by Xuan-Thao Nguyen

Paperback

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Overview

This book provides a first-hand account of the founding, ascent, and dissolution of Silicon Valley Bank (SVB), a tech community bank founded in 1982 with US$5 million that became the nation's 13th largest bank and tech industry's lender and bank. In this pathbreaking work, which challenges conventional understanding of risky tech lending by showing how an independent community bank became the go-to bank for the tech industry in the United States, Xuan-Thao Nguyen includes interviews with key players, ranging from the original founders and early employees to the current CEO of SVB. Chapters explore how the relationship between the venture capital (VC) industry and SVB transformed the way commercial banks comply with banking regulators while lending and nurturing young tech clients. The book demonstrates why the relationships between investors, start-ups, bankers, lenders, experts, lawyers, regulators, and community leaders are key ingredients for ongoing innovation in the tech industry. The book concludes with the sobering dissection of SVB's sudden death by $142 billion cuts inflicted by tech bros, social media, and the Federal Reserve Bank's successive interest rate hikes to squash the overheated economy.

Product Details

ISBN-13: 9781009416160
Publisher: Cambridge University Press
Publication date: 02/15/2024
Pages: 292
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

About the Author

Xuan-Thao Nguyen is the Pendleton Miller Endowed Chair in Law at the University of Washington in Seattle. She has authored numerous books, treatises, and law review articles in the areas of intellectual property, finance, business, and taxation. She also serves as a senior consultant to the World Bank Group IFC.

Table of Contents

1. The bank for the innovation economy; 2. The students – they asked; 3. Bank atrophy and outliers; 4. The Stanford professor and two bankers; 5. Be different from the beginning; 6. Against all odds; 7. Convincing the banking regulators; 8. SVB tech lending and the birth of venture debts; 9. Leveraging the VC relationships for expansion; 10. Into the premature future and banks' almost embrace of ESG; 11. SVB Sudden death and lessons learned in banking innovators.
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