Founded in the United States, Silicon Valley Bank 1983 is a subsidiary of Silicon Valley Bank Financial Group, which provides loans to venture capital and start-ups through 27 offices in the United States, 3 international branches and extensive business networks in Asia, Europe, India and Israel. Silicon Valley Bank mainly serves technology-based enterprises and has successfully helped companies such as Facebook and twitter.
On March 10, local time, according to the statement issued by the Federal Deposit Insurance Corporation (FDIC), the California Department of Financial Protection and Innovation announced the closure of Silicon Valley Bank in the United States on the same day and appointed FDIC as the bankruptcy administrator. On March 12, the US Treasury Department reported that it was taking decisive action to protect the US economy by enhancing public confidence in the banking system.
Business model of Silicon Valley Bank;
1. Lend loans to early start-ups and charge higher interest, and obtain some stock options or options through agreement.
2. The parent company, Silicon Valley Bank Financial Group, holds equity or options and exercises the options to make profits when the enterprise goes public or is merged.
3. For promising start-ups, Silicon Silver Group will also involve its silicon silver venture capital in the form of venture capital to gain capital appreciation.