Q1 2023
PitchBook Analyst Note: The Collapse of Silicon Valley Bank
March 13, 2023
Venture capital without Silicon Valley Bank
The collapse of Silicon Valley Bank couldn't have come at a worse time for startups.
Venture-backed companies were already facing a capital crunch after market volatility forced investors to slow dealmaking and set higher benchmarks for financing—and now startups' debt financing options have also taken a hit.
Other banks and lenders are stepping in, but no matter how quickly they may be able to stem the fallout, SVB's collapse is sure to irrevocably change the inner workings of the VC industry.
Our latest analyst note breaks down how we got to this point, the immediate impact of SVB's failure, the broader implications for venture lending, and what a future venture capital market could look like without Silicon Valley Bank.
Table of contents
| Key takeaways | 1 |
| Silicon Valley Bank is gone | 2 |
| What happened to Silicon Valley Bank? | 3 |
| Immediate impact to VC market | 4 |
| Implications for the venture lending market | 6 |
| SVB UK and beyond | 8 |
| The outlook without Silicon Valley Bank | 8 |