# On Silicon Valley Bank with Eric Vishria

- Show: [Oxide and Friends](https://hardwarepodcasts.com/podcast/oxide-and-friends)
- Published: 2023-03-17
- Length: 59m
- Episode: 7
- Page: https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria
- Listen: https://share.transistor.fm/s/f41fd616

## Summary

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.

## Chapters

- [0:00](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=0) Introduction: The SVB Collapse and Startup Banking Context
- [4:11](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=251) Oxide's Banking History: From First Republic to SVB
- [9:23](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=563) Understanding Venture Debt and Warrants
- [14:00](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=840) The Difficulty of Opening Accounts at Traditional Banks
- [17:00](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=1020) Wire Transfers and Supply Chain Payments
- [18:30](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=1110) Venture Capital Mechanics: Capital Call Lines and Fund Financing
- [29:58](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=1798) Sweep Funds, Money Market Funds, and FDIC Insurance
- [36:13](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=2173) Crypto Payroll and the Panic of the Collapse
- [38:21](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=2301) The Role of Fintech Partners: Ramp and Gusto
- [44:55](https://hardwarepodcasts.com/podcast/oxide-and-friends/2023-03-17-on-silicon-valley-bank-with-eric-vishria#t=2695) Vishria’s Advice: Diversifying Banking Relationships

## Topics

- [Fundraising & investors](https://hardwarepodcasts.com/topic/fundraising)
- [Direct-to-consumer & e-commerce](https://hardwarepodcasts.com/topic/direct-to-consumer)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Hiring & workforce](https://hardwarepodcasts.com/topic/hiring-and-workforce)

## Most relevant to

early-stage companies

## Mentioned

- Silicon Valley Bank (company)
- First Republic (company)
- Benchmark (company)
- Oxide (company)
- Gusto (company)
- Ramp (company)
- HashiCorp (company)
- JPMC (company)
- Wells (company)
- BofA (company)
- BlackRock (company)
- Vanguard (company)
- FDIC (company)
- Coinbase (company)
- Stripe (company)
- Hercules (company)
- Rippling (company)
- ADP (company)
- Chainsmokers (other)
- Bridge Bank (company)

## Related episodes from other shows

- [Silicon Valley Bank closed by FDIC](https://hardwarepodcasts.com/podcast/the-robot-report-podcast/2023-03-10-silicon-valley-bank-closed-by-fdic) (The Robot Report Podcast)
- [SVB, the banking crisis and climatetech](https://hardwarepodcasts.com/podcast/catalyst/2023-03-30-svb-the-banking-crisis-and-climatetech) (Catalyst)
- [Stripe: Patrick and John Collison (2018)](https://hardwarepodcasts.com/podcast/how-i-built-this/2020-03-09-stripe-patrick-and-john-collison-2018) (How I Built This)
- [Investor Spotlight: Ryan Springer of Midnight Venture Partners](https://hardwarepodcasts.com/podcast/the-startup-cpg-podcast/2025-09-27-investor-spotlight-ryan-springer-of-midnight-venture-partners) (The Startup CPG Podcast)
- [BONUS - EMS & The Economist - Episode 3, April 2023 with Marco Annunziata](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata) (EMS@C-LEVEL)

## Citing this page

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