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A primary service for SVB is lending, whether in the form of loans, credit cards, or other credit, to venture capital backed startups. These loans are essentially guaranteed by the reputation of the investing venture capitalists, and data on these loans was not discussed or offered to us. However, each time that a firm applies for a loan, or has some other credit-event, this triggers a request for a full set of financial statements. The bank has been collecting these statements and is now rolling out a 'benchmarking' service, which allows firms to compare their performance on various financial measures against aggregate data on their 'peers'. The SVB VentureSource license allows SVB to provide aggregate venture capital data to their clients, and integration of this data into the benchmarking data is being considered by SVB. =====The CAPMX Data===== One core service that the bank offers to its clients is the management of their firm's capital tables. The CAPMX database was estimated to have approximately 2000 users, and contains details on the capital structure of the firm including common stock outstanding, preferred stock outstanding, warrants and stock options, employee share option plans, and liquidation preferrences. The users of this data are both the firms themselves, and accounting/law firms that work for these firms. The tables are 'initialized by agents' and then accessed by the firms. ==The February 4th Meeting (at SVB)==
Silicon Valley Bank Data Project (view source)
Revision as of 19:06, 28 February 2011
, 19:06, 28 February 2011no edit summary
In January 2011, two representatives [http://www.svb.com/ Silicon Valley Bank] gave a presentation at the Haas business school, organized by [http://entrepreneurship.berkeley.edu/main/engel.html Jerry Engel] of the [http://entrepreneurship.berkeley.edu/ Lester Center for Entrepreneurship and Innovation]. The purpose of this presentation was to explore the possibility of having Haas PhD students and faculty conduct research with the SVB's data. This page details findings from that meeting and the follow-up on-site meeting between SVB and Haas's representative, Ed Egan.
==The January 18th Meeting(at Haas)==
===Attendees===
=====The Benchmarking Data=====
SVB Analytics was looking to answer "what is the next business for SVB?" Their conclusion was that they should launch a benchmarking service for their clients. They have assembled a large proprietary database of financial statements for privately-held, predominantly venture capital-backed, firms in certain sectors (specifically life science, software and cleantech). They estimated that they have one or more financial statements for approximately 50% of the venture-capital backed firms in these certain sectors, that were active in 2010.
Dan Zaelit (dzaelit@svb.com)
