Silicon Valley Bank - Softcover

Nguyen, Xuan-Thao

Softcover

ISBN 10: 1009416162 ISBN 13: 9781009416160

Publisher: Cambridge University Press, 2024

Synopsis

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.

About this title

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.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2024
• Language: English
• ISBN 10: 1009416162
• ISBN 13: 9781009416160
• Binding: Paperback
• Number of pages: 292