From SVB. 100% authentic. NWT. Very high quality, given to select clients of the bank with significant AUM with the firm.
Very rare after the bank shutdown.
Silicon Valley Bank (SVB) was founded in 1983 as a niche lender designed to serve a then-underbanked ecosystem: Silicon Valley’s venture capital firms and the early-stage technology and life sciences startups they funded. Over the next several decades SVB grew into one of the most influential banks in innovation finance by specializing in the unique needs of startups including venture debt, growth lending, treasury and cash-management services, and banking relationships tailored to companies that were not yet profitable but had strong investor backing. In 2001, SVB’s parent company went public as SVB Financial Group, and SVB expanded beyond California into major innovation hubs across the U.S. and internationally, becoming deeply embedded in the venture economy. Its rapid rise ultimately exposed a critical vulnerability: SVB’s deposit base was heavily concentrated in venture-backed companies, and as interest rates rose sharply in 2022–2023 the bank faced losses on long-dated securities and accelerating client cash burn. In March 2023, a sudden run on deposits triggered the largest U.S. bank failure since 2008. U.S. regulators stepped in, protecting depositors, and SVB’s core operations were later acquired by First Citizens Bank, marking the end of SVB as an independent institution but cementing its legacy as a defining financial partner of the modern startup era.