The Rise and Fall of Silicon Valley Bank: Explained in Simple Terms
Published in
5 min readMar 19, 2023
1. The Rise
Silicon Valley Bank (SVB) was the 16th largest bank in the US. It catered specifically to tech companies and startups, meaning that many of SVB’s depositors were startup companies.
Tech boomed during the pandemic. This resulted in SVB’s clients depositing large amounts of money. Between the end of 2019…