Multani: Climatetech financing will not quickly snap back post-SVB acquisition
Saloni Multani · SVB, the banking crisis and climatetech · Mar 30, 2023 · at 28:17
Galvanize Climate Solutions partner Saloni Multani explains why the acquisition of SVB will not immediately restore easy access to venture debt and low cost of capital.
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“I think folks will step into the void, but I do think we need to recognize that it's not gonna, oh, SVB's fixed, we're just gonna snap back to what it used to look like, and cost of capital's gonna go back to what it used to be, you know, the ability to access capital in the form of, you know, deadlines, and the ability to sort of, your expectations of, you know, the level of service and, you know, you're going to get from financial institutions. I think, I don't think we're just going to snap back just because SVP has been bought.”
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