Advertisement

Storage

Wasabi CFO On Doing Business With SVB: What Worked, What Didn’t And What’s Ahead

Storage

Wasabi CFO On Doing Business With SVB: What Worked, What Didn’t And What’s Ahead

Joseph F. Kovar
March 20, 2023, 12:11 PM EDT

“If you’re asking why would companies bank with them, tech companies have a unique profile that is not necessarily consistent with the way that conventional banks look at target companies. Tech companies, in particular venture-backed tech companies, burn money. They are all about growing really, really quickly. And so many of the traditional banks will look at a profile like that and say, ‘Too risky for me. I don’t know you. I don’t want to be with a company that is burning money,’” says Wasabi CFO Michael Bayer.

Advertisement

VIDEOS

Advertisement
Advertisement
Sponsored Post
Advertisement

NEWSLETTER

Advertisement