Today I received an e-mail from the CEO of my US bank.
Sometimes it seems like I collect banks, and you might need to when you are a parallel entrepreneur with companies in different parts of the world. So to say the least I have some experience with banks and how they work with your personal finances as an entrepreneur and as a entrepreneur or CEO of a early stage company.
I will not quote the complete e-mail (because it was probably not intended for wider distribution), but a short excerpt shows SVB’s focus:
We remain focused on our mission to help entrepreneurial companies succeed and have taken the necessary steps to ensure we are able to continue to do so. ….. We see it both as our responsibility, and our opportunity.
In these challenging economic times, know that we are here for you and will do our best to help you succeed. I believe open and frequent communication is hugely important, particularly in times like these, so please don’t hesitate to let us know how we can help your company and we will keep you updated on our perspective as well. We thank you for your business and continued support.
If any of you early-stage entrepreneurs reading this have dealt with UK or Swedish banks for your company, you know that this is not the message they will send you. Especially in these times.
The bank is Silicon Valley Bank, which is committed to working with entrepreneurial companies, and have built a successful business around this for the past 25 years.
This is just one part of the entrepreneurial eco-system that is Silicon Valley, and I am glad to soon be part of it full-time (move is planned for beginning of March!), with my new bootstrapLabs venture, where I will continue my serial and parallel entrepreneurship to create new companies, and bring new products and innovations to the market.