Financial executives across the US were given a taste of the unthinkable last week when Silicon Valley Bank was closed by regulators and thousands of businesses - mostly venture or privately backed – had their deposits threatened.
Although regulators stepped in and ended the panic, what was unthinkable suddenly became possible. Would my business lose its deposits? How will I make payments? What if I can’t make payroll?
In this episode of the podcast we speak with Jay Jung, founder and managing partner at Embarc Advisors. With over 20 years of experience in corporate finance, Jay works with many small and medium sized businesses in Silicon Valley and throughout the country and he discusses the fallout of the latest banking crisis and how financial executives need to reset their approach to commercial banking.