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The collapse of Silicon Valley Bank has taken the tech industry into “uncharted territory” and venture capital now seeks more solidity in its investment targets, says Damien Greathead of Intuit QuickBooks.
SVB collapse takes tech industry into ‘uncharted territory’
17 March 2023
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3 minute read
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“Just before Christmas and the end of 2022, I did see a slowing of capital and venture capital going into start-up firms,” Mr Greathead said. “I think venture capital firms and investment firms were taking a step back.
“I think firms are looking for much more stability and much more sustainability in the growth of their potential investment targets.”
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