Founder Fridays: March 10, 2023

Given the quickly developing story on SVB and the widening impact we are seeing over the weekend, I'm including some links and an offer to help for any founders out there struggling. We'll find out more next week...wishing this community well.

• What you need to know re: the SVB situation | Pilot Blog. Key suggestions in this article are alternative banks to open an account (Mercury, Brex Cash, Chase, and Bank of America) and suggested templates for letters to investors.
• Help From Microsoft
• FAQ | Silicon Valley Bank (svb.com)

The Walk Down Financial Crisis Memory Lane I'm doing

• 2008 Financial Crisis Timeline (thebalancemoney.com). While every crash was different, each had its roots in poor Governance, whether it was driven by greed (Enron) or hubris (Bear Stearns), or both (Silicon Valley Bank?). Is the SVB announcement a harbinger, or the next in line of the 577 banks that failed 2010-2020. It feels different.

The Leadership Lesson I'm Remembering from my Time in the U.S. Navy

• Simon Sinek???Performance vs?Trust? (2 minutes). When hiring resumes its previous pace in tech (and it eventually will), Founders have to move fast. If I have to choose, do I prioritize high performance or trust for optimal success. A fascinating story and a good reminder of how to build a company that lasts.

The "Tell Me More, Fady" Moment I'm Having

• Should You Partner With Enterprises or Small Businesses? | Entrepreneur.?A fascinating look at enterprise vs small business market strategy from one of my favorite SaaS Founder/CEOs (Thanks Fred (Fady) Helou of Vagaro ).