SVB Collapse Roundup (March 16, 2023)
Virtual · ZoomJoin Zoom: https://us02web.zoom.us/j/84648779155
For decades, Silicon Valley Bank was the financial institution of choice for tech startups and venture capital firms. As a result, the bank's collapse on March 10 has left many startup founders scrambling to figure out what to do next.
On March 16, we’re inviting members to join us for a discussion on the collapse and what it means for the startup ecosystem. We’ve also partnered with Wilson Sonsini Goodrich & Rosati to help those members directly impacted by the collapse prepare for their next move.
The Silicon Valley Bank collapse is causing a surge in new bank account openings and increased wire transfer activity. According to Lang Liu, a partner at WSGR, this environment creates a perfect storm of opportunity for hackers and wire transfer fraud.
At this event, Liu and WSGR Partner Jim Jensen will share key security considerations for establishing new bank accounts and updating wire transfer information.
About the Speakers
James (Jim) Jensen is a partner in the Palo Alto office of Wilson Sonsini Goodrich & Rosati, where his practice focuses on forming and representing investment funds, acting as outside general counsel to start-up companies, and advising on related regulatory matters. During Jim’s 20 years of practice, he has been involved in more than 500 investment fund and startup company transactions and is known for his solutions-oriented and practical perspective.
Lang Liu is a corporate and securities partner in the Palo Alto office of Wilson Sonsini Goodrich & Rosati, where she focuses on representing technology companies and innovative start-ups, including those in digital health. She works with public and private companies through all stages of their growth, as well as with investment banks and venture capital firms. She also counsels clients on matters such as general corporate governance and public company disclosure.
Kathleen is a partner in the Palo Alto office of Wilson Sonsini Goodrich & Rosati. She specializes in debt financing transactions, including secured and unsecured loans, bridge loans, debt restructurings, and debt offerings, and has extensive experience representing borrowers in connection with credit facilities. She has also represented issuers and underwriters in private placements of convertible debt securities and common stock offerings. Kathleen’s experience also includes debt tender offers and consent solicitations, as well as debt due diligence and related matters in connection with M&A transactions.
Confidentiality Policy:
All information shared within Founders Network is strictly confidential. We are built on a foundation of trust, and the community takes confidentiality seriously. Investors, members, and staff all share experiences and opinions off the record. In this roundtable forum, we continue to model our fnValues of Reciprocity, Humility, Authenticity and Inclusivity.
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