Silicon Valley Bank (SVB) was a prominent tech-focused bank that provided a range of financial services to startups, venture capitalists, and other players in the tech industry. As industry grew and expanded rapidly over the past decade, SVB became a critical player in financing innovation and entrepreneurship. However, as with any financial institution, there were risks involved, and unfortunately, SVB was not immune to failure. The failure of SVB – the second-largest bank failure in U.S. history and the largest since the 2008 financial crisis – has had significant ripple effects beyond the tech industry. In this episode, we discuss the details that have emerged since SVB's failure, implications for the broader economy, and some of the measures that regulators and other stakeholders could have taken to avoid such a failure – and will hopefully take, going forward, to mitigate the impact of this crisis so that is does not metastasize and adversely affect the economy anym
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)