Innovation Economy Is the Best Place to Be: SVB CEO
May 20, 2021
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5:23Now PlayingInnovation Economy Is the Best Place to Be: SVB CEO
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as posted by the channelMay.20 -- Greg Becker, president and CEO at SVB Financial Group, shares the company's insights into the health of the U.S. startup ecosystem during the Covid-19 pandemic. A new research by SVB Financial Group and PitchBook finds that the SPAC market has raised a record $83 billion by the end of March, exceeding the total amount raised in 2020. Investors have also poured $69 billion into VC-backed firms in the first quarter of 2021, up 93% from last year. Becker also discusses the driver of the company's growth, which has skyrocketed during the pandemic. He speaks to Emily Chang on "Bloomberg Technology."
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