1 / 25

Alternative Funding Sources Debt Financing Philip G. Korn - Senior Vice President Emerging Technologies Silicon Valley

A Bit About SVB - Who We Are. Only US commercial bank that focuses exclusively on entrepreneurs developing early stage tech and life sciences companiesEstablished 1983, NASDAQ listed under SIVB1,000 employees located in 25 offices serving 9,000 clients nationwideFinancing partner with VCs and mor

ona
Download Presentation

Alternative Funding Sources Debt Financing Philip G. Korn - Senior Vice President Emerging Technologies Silicon Valley

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    2. A Bit About SVB - Who We Are Only US commercial bank that focuses exclusively on entrepreneurs developing early stage tech and life sciences companies Established 1983, NASDAQ listed under SIVB 1,000 employees located in 25 offices serving 9,000 clients nationwide Financing partner with VCs and more recently the much broader angel and incubator community Focus on relationships - never too early to open an account

    7. Other Bank Products & Groups Commercial Finance eSource Executive Banking Cash Management Corporate Finance Venture Capital Group Supply Chain Services International

    8. Recent Bank Developments Closed on $120 million “fund of funds” Closed on a $60 million Venture Fund to invest in bank clients (passive investments) Emerging Tech Showcase series New offices in San Francisco, NY and FL Electronic Banking (SVBeConnect) Venture Connect

    9. SVB Emerging Tech Client Focus 1,100+ early stage technology companies Similar client hurdles - funding, management team, product development, strategic alliances Leverage existing cash with SVB credit facilities. Connect clients with other service providers (accountants, attorneys, HR and PR firms) Work closely with angel investors, professional angel organizations & technology incubators. Provide access to networking opportunities and referral sources.

    10. SVB Emerging Tech Client Focus (cont’d) Understand the needs of early stage non-venture capital backed technology & life sciences clients. Act as a business consultant to our clients as opposed to solely being their banker Selectively take on clients with a high probability of success.

    11. Typical Needs Early On Standby Letter of Credit Corporate credit cards Equipment Financing Referrals for office space, controller, recruiters

    16. Early Stage Debt Financing Typical Hurdles Lack of track record (alpha, beta) No revenues or minimal revenues Lack of alliances Strong competition (certain industries) Incomplete management team Short window of opportunity 3-6 months cash on hand

    17. Early Stage Debt Financing Typical Strengths Founders’ technical/marketing expertise One or more well connected angel investors Well focused and well defined business plan Board of Advisors that can validate company Quality service providers ***Enthusiasm and ability to execute

More Related