Banking · Fundraising

What is the real value of Silicon Valley Bank's network with Angels and VC's?

Josh Bohls Founder at Inkscreen

May 28th, 2014

Since inception of my company we have banked at Wells Fargo, mainly because our personal accounts were there. WF is inexpensive, but they add zero value to our business. I've been talking to Silicon Valley Bank (SVB) and they are touting their vast network of VC's and angel investors, specifically in Austin, as a primary benefit to establishing a banking relationship. We are fundraising right now so that sounds good, but I'm wondering if anyone has a success story to share  where SVB added tangible value to your fundraising mission. This is our initial raise - we have a newly finished product, a sales and marketing partnership, and a sales pipeline but no revenue at the moment. 
As a founder, you’re always in fundraising mode (whether active or passive). In this course, we’ll teach you how to successfully raise follow-on capital, establish a valuation for your company, build an investor pipeline for your next round, and more.

Anonymous

May 28th, 2014

Don't have much experience in this but check to see if any of these answers help you out.

Jessica Alter Entrepreneur & Advisor

May 28th, 2014

SVB is great in that they know and understand startups and the valley. That said, I wouldn't go to them to help with fundraising contacts don't think that's how the circle works.

John Baker

May 28th, 2014

I agree with Jessica, SVB are geared toward helping start-ups with various lines of credit, in the least. Anecdotally, since we've been a client I've not had discussions with anyone there about possibly networking with angels or VCs. My CFO introduced us to them and he likewise hasn't mentioned the network as an option.#next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }

Bob Pack ShopJester

February 20th, 2015

SVB is really better for evolved companies, revenue -traction, then they can help. 

But for start -ups, the best you'll get is to attend their monthly or quarterly get together's. 

BTW... the monthly account fees are quite high.