SVB was one of the few that would give venture-backed start-ups led by women, people of color and LGBTQ+ people a line of credit. After the bank’s collapse, they are now being hit the hardest. Originally published by The 19th Your trusted source for contextualizing business & economy news. Subscribe to their daily newsletter. Silicon Valley Bank was the only one that would give Liz Giorgi a line of credit. It was 2019, and Giorgi was launching a new business venture called soona, a virtual photography studio service. Twenty-seven other banks had turned her away. Giorgi remembers sitting down with bankers…
Author: Chabeli Carrazana, 19th News
Chabeli Carrazana, 19th News
Chabeli Carrazana is the economy reporter or 19th News. Previously, she worked as a business reporter for the Miami Herald, where she covered the tourism industry, and the Orlando Sentinel, where she covered NASA, the private space industry and labor issues.