Origins - Inside Venture Capital, Hosted by a GP and an LP LP Market Perspective - Nick & Beezer co-host Atul Rustgi, Accolade Partners
9 snips
Apr 28, 2023 AI Snips
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Episode notes
Banking Diversification Post-SVB
- Beezer and Nick discuss how smaller managers are now understanding the importance of diversifying banking after the SVB crisis.
- Many smaller managers are being turned away by larger banks and advised to return when they manage larger funds.
Financial Playbook for Startups
- Beezer suggests the industry should develop norms or playbooks to help startups navigate financial matters.
- This would allow them to focus on product development rather than complex banking strategies.
Crypto Companies' Banking Resilience
- Crypto companies were surprisingly more resilient during the SVB crisis, likely due to their pre-existing awareness of banking risks.
- Their hostility from traditional banks forced them to consider alternative banking strategies early on.