How Hard Is It to Diversify Your Funds?

Gueycroft: It's hard to overstate how important SVB has been to the tech ecosystem. They have a nine and a half billion dollar venture portfolio of direct investing in startups, as well as positions in major funds like Sequoia and Horowitz. You're seeing major influence to other start-up banks like JP Morgan and these other businesses,. But you're also seeing some folks that tried to open a city or JP Morgan account saying, look, it was brutal.