Hardware Podcasts

On Silicon Valley Bank with Eric Vishria

Oxide and Friends · 17 Mar 2023 · 59m · Episode 7

What this episode covers

Oxide CEO Steve Tuck and Benchmark partner Eric Vishria discuss the operational complexities of startup banking, explaining why companies like Oxide relied on Silicon Valley Bank (SVB) and First Republic for their understanding of venture debt, capital call lines, and wire transfer mechanics. They detail how SVB’s specialized services allowed hardware startups to extend runway and manage supply chain payments without hiring corporate treasurers, contrasting this with the friction found at traditional banks like JPMC. The conversation highlights the panic during SVB's collapse, the role of fintech partners like Ramp and Gusto in maintaining payroll, and Vishria’s advice for founders to maintain diversified banking relationships to mitigate systemic risk.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Silicon Valley Bank, First Republic, Benchmark, Oxide, Gusto, Ramp, HashiCorp, JPMC, Wells, BofA, BlackRock, Vanguard, FDIC, Coinbase, Stripe, Hercules, Rippling, ADP, Bridge Bank
Also
Chainsmokers

Related episodes from other shows

Other shows on the same ground, closest first.

  • The Robot Report Podcast · 54m

    Silicon Valley Bank closed by FDIC

    Hosts Steve Crowe and Mike Oitzman discuss the closure of Silicon Valley Bank (SVB) and its potential impact on robotics startups, noting that 44% of 2022 tech IPOs were backed by SVB. They then interview Rylan Hamilton, co-founder and CEO of 6 River Systems, who details his journey from Kiva Systems to founding 6 River Systems, which was acquired by Shopify for nearly $1 billion. Hamilton emphasizes that 6 River’s success with its AMR product, Chuck, stems from focusing on customer workflow and station design rather than just the robot hardware, and highlights the benefits of their integration with Shopify’s fulfillment network.

    Robotics & autonomyFundraising & investors
    7 chapters

  • Catalyst · 38m

    SVB, the banking crisis and climatetech

    Saloni Multani, partner at Galvanize Climate Solutions, explains how Silicon Valley Bank's (SVB) duration mismatch and rapid deposit growth led to a social-media-fueled bank run, resulting in FDIC intervention and the sale of SVB's assets. She discusses the contagion effect on Signature Bank and Credit Suisse, noting a flight of capital to 'too big to fail' institutions like JPMorgan, and analyzes the lasting impact on climatetech, including the loss of SVB's specialized lending for community solar and venture-backed startups. Multani argues that while a new bank may fill the void, the era of cheap capital is over, requiring a recalibration of cost of capital and credit availability for capital-intensive climate infrastructure projects.

    Policy, trade & tariffsFundraising & investors
    7 chapters

  • How I Built This · 42m

    Stripe: Patrick and John Collison (2018)

    Patrick and John Collison, founders of Stripe, explain how they identified the friction in online payments and built a developer-focused infrastructure to solve it, starting with just seven lines of code. They detail their journey from selling their previous company, Automatic, to securing Peter Thiel's early investment and navigating complex banking partnerships to launch Stripe. The brothers discuss their strategy of partnering with financial institutions rather than fighting them, and how this approach helped them scale to serve major companies like Lyft and Shopify. They also reflect on the relentless nature of building a high-growth technology company and the importance of execution over valuation.

    Starting a product companyValidation & product-market fit
    8 chapters

  • The Startup CPG Podcast · 46m

    Investor Spotlight: Ryan Springer of Midnight Venture Partners

    Ryan Springer, Managing Partner and Co-Founder of Midnight Venture Partners and High Desert Vodka, discusses the evolution of his firm from Fund I to Fund II, highlighting a strategic shift toward larger, billion-dollar potential deals in the beverage and wellness sectors. He explains the mechanics of Special Purpose Vehicles (SPVs) for follow-on investments, the critical importance of founder-investor alignment regarding timeline and risk tolerance, and the necessity of 'grit' and tenacity in early-stage CPG founders. Springer also offers insights on differentiation, defensibility, and the emerging frontier of optimizing for AI-driven search engines like ChatGPT.

    Fundraising & investorsLeadership, teams & culture
    7 chapters

  • EMS@C-LEVEL · 20m

    BONUS - EMS & The Economist - Episode 3, April 2023 with Marco Annunziata

    Economist Marco Annunziata joins host Philip Stoten to analyze the EMS industry's economic landscape, discussing the fallout from Silicon Valley Bank and Credit Suisse failures, the persistence of inflation, and the shift to higher interest rates. They explore the paradox of tech layoffs versus manufacturing talent shortages, attributing the latter to decades of offshoring and a lack of local talent pipelines. Annunziata applies 'ecosystemic' thinking to supply chain resilience, arguing that while government interventions like the CHIPS Act have limited impact, the long-term trend is toward strategic localization and self-reliance rather than pure protectionism.

    Policy, trade & tariffsHiring & workforce
    5 chapters

The summary, chapters and topics are generated from the episode’s audio by this directory, not written by Oxide and Friends. The episode itself belongs to its publisher.