Live data from Hacker News

Startup friendly bank - your thoughts ?

news.ycombinator.com

1–4 of 4 posts

Startup friendly bank - your thoughts ?

#1
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

Re: Startup friendly bank - your thoughts ?

#2
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.

Re: Startup friendly bank - your thoughts ?

#3
post #2

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.

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.

Re: Startup friendly bank - your thoughts ?

#4
post #3
post #2

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.

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.

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