Startup friendly bank - your thoughts ?

2 points by iamyoohoo 15 years ago | 3 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

bdb 15 years 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.

bdb 15 years 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.

iamyoohoo 15 years ago | | |

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