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Bloomberg Tech
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The Tailwind of SVB's Collapse for FinTech
I do focus on the pre-seed and seed now. That's a stage that I'm very excited about because I've built out networks over decades. My goal is to provide the founders I support with access to the best networks in FinTech. For certain growth stage FinTech companies, especially business banks, it's been a huge tailwind. If you look at deposit inflows to companies like Row and Mercury, Mercury, alone, it's all about $2 billion of deposit inflows just a few weeks after the collapse of SVB.
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