ONE YEAR AFTER SVB, THE THRONE SITS EMPTY

Summary from the TLDR Founders newsletter

The venture debt market has not yet identified a clear successor one year after the collapse of Silicon Valley Bank (SVB), which held almost 50% of VC-backed tech and life science company accounts in 2022. Many startups turned to non-bank lenders in the aftermath to avoid risks associated with traditional banks. They're now returning back to banks, but there is still no clear standout.