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Silicon Valley Bank
Overview
Silicon Valley Bank (SVB), a division of First-Citizens Bank & Trust Company, operates within the finance sector, specifically focusing on investment banking and banking services. Founded in 1983 and headquartered in the United States, SVB employs between 5,001 and 10,000 individuals and reported significant revenue. The bank specializes in providing financial services tailored to early-stage startups, offering resources that guide entrepreneurs through critical phases of business development. One notable document published by SVB is a startup checklist, which outlines essential tasks for early-stage companies, including market assessment, legal requirements, and financial planning. This checklist emphasizes the importance of validating business ideas, securing necessary permits, and preparing for funding rounds, particularly Series A financing. SVB's resources aim to assist startups in navigating the complexities of launching and growing a business, reflecting its commitment to supporting innovation and entrepreneurship within the finance industry. The bank's role is underscored by its focus on providing practical guidance and financial solutions to emerging companies.