Ian
· 1 year ago

Was your travel startup impacted by the SVB collapse? Discussion thread for startups

5 Comments
Share
Recommend this?

Comments

Ian
Founder, Travel Massive

Just checking in with our community to see if any members have been impacted by SVBs collapse. I know a few travel startups who banked with SVB (we and we used to as well), so I'm sure there's some nervous founders out there.

If you've got a story or advice for fellow founders, then feel free to share here.

1 year ago (edited)
CEO & Founder, NaviSavi

Yes! We banked with SVB but luckily could access funds this week. We did have an investor or two shy away from making some decisions! Hopefully all will be back to normal soon!! :/

1 year ago
Ian
Founder, Travel Massive

Glad you got your funds back!

Here's the story of what happened to Skift (they were with SVB, but moved to another bank who SVB bought — so got caught by this)

www.marketwatch.com/story/i-thought-my-business-was-done-with-millions-locked-up-in-the-silicon-valley-bank-failure-one-ceo-reevaluates-his-relationship-with-the-banking-system-39762eb5

2 hours later
Founder & CEO, YouLi

Happily banking in Australia. Yay for conservative financial systems. ;D

1 year ago
Ian
Founder, Travel Massive

Famous last words, be careful!

2 days later

Contributors

About this Discussion
Post icon

Was your travel startup impacted by the SVB collapse?

Was your travel startup impacted by the SVB collapse? was posted by Ian in Discussion , Startup , United States . Updated on May 25, 2023 (1 year ago). Was your travel startup impacted by the SVB collapse? is not rated yet.
3 Upvotes