We all know that Silicon Valley Bank is going through tough times. Even as the bank’s top administrator urged everyone to remain calm, renowned venture capitalists like Coatue Management, Union Square Ventures, and Founders Fund have recommended portfolio businesses to pull out their funds from the bank.
Moving funds from an old, trustworthy, and friendly place to a new bank is challenging. Plenty of choices exist, and you must find the best one for you and your business as soon as possible.