Book contents
- Silicon Valley Bank
- Silicon Valley Bank
- Copyright page
- Contents
- Figures
- Tables
- 1 The Bank for the Innovation Economy
- 2 The Origin of the Idea
- 3 Bank Atrophy and Outliers
- 4 The Stanford Professor and Two Bankers
- 5 Be Different from the Beginning
- 6 Against All Odds
- 7 Convincing the Banking Regulators
- 8 SVB Tech Lending and the Birth of Venture Debts
- 9 Leveraging the VC Relationships for Expansion
- 10 Into the Premature Future and Banks’ Almost Embrace of ESG
- 11 SVB’s Sudden Death and Lessons Learned from Banking Innovators
7 - Convincing the Banking Regulators
Published online by Cambridge University Press: 08 February 2024
Book contents
- Silicon Valley Bank
- Silicon Valley Bank
- Copyright page
- Contents
- Figures
- Tables
- 1 The Bank for the Innovation Economy
- 2 The Origin of the Idea
- 3 Bank Atrophy and Outliers
- 4 The Stanford Professor and Two Bankers
- 5 Be Different from the Beginning
- 6 Against All Odds
- 7 Convincing the Banking Regulators
- 8 SVB Tech Lending and the Birth of Venture Debts
- 9 Leveraging the VC Relationships for Expansion
- 10 Into the Premature Future and Banks’ Almost Embrace of ESG
- 11 SVB’s Sudden Death and Lessons Learned from Banking Innovators
Summary
The unique success enjoyed by Silicon Valley Bank was the result of a long process that began at the vision of the bank by the original three founders, Medearis, Biggerstaff, and Smith. The key to success involved convincing the regulators to establish a bank for the tech sector. Educating the regulators required ongoing efforts in the first decade and thereafter. SVB lenders, including Harry Kellogg, convinced the regulators about the efficacy of tech lending.1
Keywords
Superintendentbanking regulatorbanking examinernew banktech lendingventure lendingVC firmsDon ValentineSequoia CapitalDick KramlickFranklin Pitch JohnsonJohn Doerrdue diligenceportfolio companiesintellectual propertyVC Advisory BoardSand Hill Roadfederal regulatorState Banking DepartmentGreg BeckerHarry KelloggDave TitusJohn DeanKen Wilcox
- Type
- Chapter
- Information
- Silicon Valley BankThe Rise and Fall of a Community Bank for Tech, pp. 147 - 164Publisher: Cambridge University PressPrint publication year: 2024