The Ledger
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SVB Refused to Lend to Miller Because He Lacked VC Backers
“They were one of our banks, but they never lent us money. We flowed all our credit cards through them. And, ah, they would come to us all the time and ask if we wanted to borrow money from them. We'd say, sure. And, you know, we were the only company they had …”
Yaman: Boxed's collapse wasn't SVB's fault; would bank with them again
“Pretty impressive how SVB has turned it around. I would bank with them again, timing, you know, a lot of things come down to timing. So it was definitely not SVB's fault, but we were caught up.”
SVB Refused to Lend Without VC Backing Despite Strong Cash Flow
“SVB wouldn't touch us because we didn't have, like, a traditional VC in the deal. They would rather fund a company that's losing money with a brand name VC than, you know, they don't do cash flow lending.”
Jeff Mains: SVB's Collapse Put Locked Tech Accounts in Play
“But if you look back a month ago, if you're in bank and you're trying to get those accounts, it's a cool kids bank. You're not going to get those accounts. They're not going to move. Inertia was disrupted and now they're all in play.”
Sanchez: SVB collapse unexpectedly accelerated Chantico's funding process
“So, and strangely, you know, we were really concerned that, that the meltdown in Silicon Valley Bank was going to be was going to be sort of, you know, a real death blow. To our funding process, but actually our funding set up after that, probably because peop…”
SVB Required Six Months of Compliance for a 2018 ICO
“If you want to go with a bank, like for example, Silicon Valley bank, you know, you need to go through six months of compliance in order to do an ICO.”
Boost&Co Offers Venture Debt Without Requiring Existing VC Backing
“We are similar pricing, but we are different because we do not rely on companies who have venture capital Already invested in, in, in their cap tables.”
Akhtar: SVB offered CyberSmart £3M–£5M debt contingent on closing a round
“This is actually our proposal from SVB.
that we got last year, I think it was about March.
but the strings attached here is like, here, we're going to give you like three to five million pounds, pretty decent interest rate, six and a half to eight percent, b…”
Hauser: Grasshopper secured $15M SVB debt at 12.5% with no warrants
“We used SVB because there were very few options at the time for us. We were also at a revenue kind of point that they allowed for that. These were roughly the terms. I think it was actually 12 and a half percent interest. So it wasn't cheap, but there was no w…”
Owens: Total Financing Including Debt Was Substantially North of $200M
“It was vast majority cash. Sort of, I actually think the number, if you include sort of like, we rounded it to like a whole number, but the actual number, including the debt was pretty like substantially north of two hundred million.”
Bynder used an SVB bridge loan to acquire Webdam and is refinancing
“We worked we worked with SVB for a bridge loan and are now basically refinancing that.”
CommercialTribe uses revolving debt lines from SVB and Square 1
“So we work with both the Silicon Valley Bank and square one and so forth. And we take out, you know, revolving debt lines deadlines and things of that nature just to you know, protect the equity side of things.”
Oechsle: SwiftPage funded acquisition via Accel-KKR, Jump Capital, SVB
“So Excel KKR was one of the players that came in and helped us from an institutional perspective, so did Jump Capital, and then from a debt perspective, we had Silicon Valley Bank that, that came in and helped us out and it was not a one-to-one ratio. Well, it…”
Plotly raised a $4.5M seed round and $1M in debt
“We raised four and a half million seed and then took on a million in debt.”
Trip Adler: Scribd has raised approximately $50 million in total funding
“We raised fifty million at this point. So, so basically the trajectory was it was the first 12,000 from Y Combinator. Then we raised 40,000 in angel money. And then at that point we got some tractions. We really quickly went to raise three and a half million f…”