Nobody used SVB because it paid more interest. (It didn't pay interest at all in fact.)
They did it because the name was cool or because other banks wouldn't give you an account for your startup at all. It's normal to go for a regional bank when regular ones don't understand your business.
They did it because the name was cool or because other banks wouldn't give you an account for your startup at all. It's normal to go for a regional bank when regular ones don't understand your business.