Dear Prospective Investor,
The collapse of Silicon Valley Bank (“SVB”) and Signature Bank is dominating the news right now. Considering the connection to venture capital and Medtech startup companies, you might be wondering if we’re impacted.
That’s why I wanted to reach out to our community to let you know we have no exposure to SVB and Signature Bank – or the subsequent contagion.
As clients of Zions Bank, we are grateful that our bank is well-insulated from these issues.
Our team takes our finances seriously. We work hard to make sure every dollar invested is put to good use, including where we bank and how we raise money.
Because SVB was connected to many venture capital companies, many VC-backed startups may have been funneled into using SVB. As we are raising money directly from everyday investors, we are insulated from those cliques and keep full control of our finances.
If you have any questions please feel free to reach out.