Wasabi CFO On Doing Business With SVB: What Worked, What Didn’t And What’s Ahead

Silicon Valley Bank: The Right Bank, But Wasabi Ready To Move On. The surprise demise of Silicon Valley Bank (SVB) has left much of the tech startup business concerned. Those clients primarily were tech startups that depended on SVB for loans, virtual currency business and financing acquisitions. One of those SVB companies was Boston-based cloud storage technology developer Wasabi, which had banked with SVB for years. Wasabi was fortunate in that it was already making plans to take advantage of larger, more established banks that could provide the kinds of services the company had matured into, provide the kinds of services the company had matured into, Wasabi CFO Michael Bayer said. Read more >>