In this article
You might like
No items found.
Spending made smarter
Easy-to-use cards, spend limits, approval flows, vendor payments —plus an average savings of 5%.1
4.8 Rating 4.8 rating
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get fresh finance insights, monthly
Time and money-saving tips,
straight to your inbox
4.8 Rating 4.8 rating
Thanks for signing up
Oops! Something went wrong while submitting the form.
Table of contents

Silicon Valley Bank (SVB), the financial institution that has served the tech industry for more than 35 years, has recently been the subject of quite a bit of controversy revolving around a failed funding round, a bank run, forced receivership, and now acquisition and asset sales. SVB, which has funded more than 30,000 startups and invested in numerous tech unicorns, is a major player in the industry. The speculation regarding an acquisition has led to several questions and concerns from both the industry and SVB's stakeholders.

Throughout the past few days, intense deliberations centered around possible bail-out or acquisition options for the struggling SVB. In a joint effort, the US Treasury, Federal Reserve, and FDIC agreed to safeguard and insure the deposits of impacted SVB customers, concurrently pursuing potential buyers for the company or its assets. Despite these endeavors, the complex nature of SVB's balance sheet, containing unconventional assets like private loans against private company stock, wineries, and other esoteric assets may have hindered the identification of a prospective buyer by Tuesday morning.

As of Tuesday morning, speculation that Apollo and other private equity firms are looking to buy some of these assets, with the support of a number of venture capital firms. However, from a strategic perspective the best natural acquirer for SVB may be another, larger bank. The reason is quite simply the fact that its complex pool of loans will be hard to maintain and service if the acquirer didn’t already have significant servicing capabilities. As of Tuesday, it appears that SVB is back open for business, with accounts more or less fully functional. More importantly, it seems like existing venture debt lines are still active and being drawn down. The ultimate question for the start up and venture community is: will the ultimate acquirer of SVB continue to fund these styles of loans and continue to provide the start up community with debt capital?

Try Ramp for free.
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
VP of Finance & Capital Markets, Ramp
Alex Song is the VP of Finance and Capital Markets at Ramp. Over the course of the last 3 years, he has help build out critical infrastructure within the accounting, capital markets, FP&A, and treasury functions, among others. Prior to joining Ramp in 2020, he spent more than a decade as a credit and financials investor in the hedge fund industry, working at firms including Sculptor Capital Management, Crayhill Capital Management, Bain Capital, and Morgan Stanley. Alex holds two Bachelor's degrees from Stanford, in Biomechanical Engineering and in Economics. He also holds a Master of Business Administration from Harvard Business School. Alex is a CFA charterholder.
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.


How Ramp helped Viking Well Service institute a more efficient expense management process

“Having the purchase order and bills all in one place just makes a whole lot more sense for the type of business that Viking’s doing, because you can simplify it down to a one-line-item type deal. That’s really important for control purposes, for visibility."
Chris Lowdermilk, Senior Controller, Viking Well Service

How Ramp Procurement helped NPHY simplify, save time, and improve transparency

“Before Ramp Procurement, requests could take up to a month. Now the process is complete in a matter of days, meaning we can get much needed supplies and focus on delivering care to our clients (teenagers in crisis) faster.”
Michelle LaBonney, Director of Finance & Operations, Nevada Partnership for Homeless Youth

How Betterment manages corporate spend for five entities with Ramp

“With Ramp, we can save rules directly to the card. Transactions from any of our monthly vendors come in already coded, so that’s been a huge time saver.”
Marianne Hawes, Senior Accountant, Betterment

How Alexandra Lozano Immigration Law prepared for scale with Ramp

"I used to have to call our card provider and sit on the phone for a couple hours a week, I don’t have to do that with Ramp.”
Wayne Robinson, CFO, Alexandra Lozano Immigration Law

How Ramp helped Smart City Apartment Locating save time, expedite month close, and grow sustainably

"Five to 15 hours each month of non-value-add activities are off my plate. I’m able to be a strategic advisor versus just a tactical manager when it comes to spend management.”
Dustin Walsted, VP Finance, Smart City Apartment Locating

How TaskHuman built their runway with Ramp

“I’ve pretty much seen or used everything that’s out there, everything does something Ramp does, but nothing does everything Ramp does.”
Matthew Ferguson, Controller, TaskHuman

How First Tee transformed its bookkeeping and saved time with PwC and Ramp

"The efficiency of using PwC Bookkeeping Connect, coupled with the Ramp platform, has probably been about 75% time savings. Instead of every hour I would have had to spend on bookkeeping, I’m probably having to spend maybe 10 or 15 minutes.”
Dan Burke, CEO, First Tee San Francisco