Parts of the SVB model would not go amiss in Japan
A visit by the now failed bank’s executives has lessons for Tokyo, but it also highlights the need for change. Japanese start-ups struggle to secure funding from traditional lenders.
Last summer, a delegation of top executives from Silicon Valley Bank circulated in the Tokyo financial district guzzling up all they could about the local venture capital scene and initiating talks with some of Japan’s biggest lenders.
A flurry of further trips followed, tie-ups were discussed but, in terms of concrete deals, the West Coast visitors left empty-handed.
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Financial Times
Leo Lewis is the Tokyo correspondent for the Financial Times.
