Discover and read the best of Twitter Threads about #vcfunding
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For those interested in what Silicon Valley Bank's $74 billion loan (rather than securities) portfolio looked like at the end of last year, take a look at this table. 1/4
#banks #loans #vcfunding #wineries
#banks #loans #vcfunding #wineries
The $6.7 billion in "investor dependent" loans to Venture-backed startups are the ones that are difficult for national banks to acquire. They are also the key to the whole SVB ecosystem, including the Global Fund Banking portfolio of $41.3 billion which is by far 2/4
the biggest segment, followed by the $10.5 billion private bank portfolio. Wine at $1.2 billion seems small but is a huge part of US lending to wineries.
The challenge for FDIC in a nutshell: these apparently disparate lending businesses are all deeply intertwined. 3/4
The challenge for FDIC in a nutshell: these apparently disparate lending businesses are all deeply intertwined. 3/4
What happened at Silicon Valley Bank is much more a “banking” story than a “tech” story. @SVB_Financial has been, for 30 years or more, a vital cog in the #startup and #vcfunding scene nationally and internationally. That’s not going to change. 1/6
Investment is still happening in areas like climate tech and AI and the bank will be supporting those new companies.
Its diversification and ability to raise capital to deal with its ALM problems differentiate it from a bank like @silvergatebank. 2/6
Its diversification and ability to raise capital to deal with its ALM problems differentiate it from a bank like @silvergatebank. 2/6
But...Silicon Valley Bank's fortunes, and its stock price, have always waxed and waned with tech cycles. This tech cycle was “supersized” in that it lasted for more than a decade and valuations were sky high even by the standards of past booms. 3/6
2018:
We had seen WalMart acquiring 77% of Flipkart shares for $16 Billion despite the company suffering losses of $20 Billion FYI 2017-18
2022:
Despite having a profit of $2.5 Billion each year, Prosus/PayU withdraws its $4.7 billion deal to acquire India's BillDesk
#startups
We had seen WalMart acquiring 77% of Flipkart shares for $16 Billion despite the company suffering losses of $20 Billion FYI 2017-18
2022:
Despite having a profit of $2.5 Billion each year, Prosus/PayU withdraws its $4.7 billion deal to acquire India's BillDesk
#startups
#BillDesk:
Industry estimates indicate that BillDesk holds between 25 and 30 percent of the market for online payment aggregators
#PayU:
While PayU is the third-largest player in India with a market share of between 10 and 15 percent 2/6
#startupindia #startups #acquisitions
Industry estimates indicate that BillDesk holds between 25 and 30 percent of the market for online payment aggregators
#PayU:
While PayU is the third-largest player in India with a market share of between 10 and 15 percent 2/6
#startupindia #startups #acquisitions
#BillDesk:Government as well as the Banking, Financial Services, and Insurance (BFSI) sectors are strongholds for BillDesk.
#PayU:
While many internet businesses prefer PayU as their preferred payment gateway. 3/6
#startupindia #startups #acquisitions #startupnews
#PayU:
While many internet businesses prefer PayU as their preferred payment gateway. 3/6
#startupindia #startups #acquisitions #startupnews
