Startup friendly bank - your thoughts ?

2 pointsiamyoohoo15y ago3 comments

Hi all - I'm looking for some recommendations for a startup friendly bank. Ideally ones that: 1. deal with web startups regularly 2. have been involved with early stage external financing 3. even better if they have a location around Los Angeles

Any ideas or thoughts around startup banking would also be appreciated.

Thanks

3 comments

bdb15y ago

Why, specifically, do you need a bank that fits those criteria?

This time around, we chose to just open a business account with a bank that one of our founders used for his personal banking.

That said, the bank you are looking for is Silicon Valley Bank. They have a Los Angeles branch. But I question why you think you need to head straight there.

bdb15y ago

To clarify: what I'm saying is that your average commercial banking officer is probably going to be plenty helpful, at least until you're out of the seed funding days.

iamyoohooOP15y ago

Thanks - we are considering SVB. Why do you think it's too early to work with them?

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Startup friendly bank - your thoughts ?

2 pointsiamyoohoo15y ago3 comments

Any ideas or thoughts around startup banking would also be appreciated.

Thanks

3 comments

bdb15y ago

Why, specifically, do you need a bank that fits those criteria?

This time around, we chose to just open a business account with a bank that one of our founders used for his personal banking.

That said, the bank you are looking for is Silicon Valley Bank. They have a Los Angeles branch. But I question why you think you need to head straight there.

bdb15y ago

To clarify: what I'm saying is that your average commercial banking officer is probably going to be plenty helpful, at least until you're out of the seed funding days.

iamyoohooOP15y ago

Thanks - we are considering SVB. Why do you think it's too early to work with them?

j / k navigate · click thread line to collapse