SVB fallout: Expert says tough tech backdrop could be good for the sector long-term - BNN Bloomberg

📆 3/14/2023 9:00 PM
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As macroeconomic conditions and the collapse of Silicon Valley Bank weigh on sentiment in the technology industry, one private equity fund manager said the end of the bull market could benefit the sector's long-term outlook.

Lisa Melchior, the founder and managing partner at Vertu Capital, said in an interview with BNN Bloomberg Tuesday that the collapse of SVB has dominated conversations with many of the technology companies she meets with. This is because SVB formerly “banked over half of the early-stage tech industry,” she said.

However, the technology industry was previously experiencing a 10-year bull run that was “supercharged” during the pandemic, Melchior said. In order to attract financing in a difficult environment, Melchior said technology companies should show strong fundamentals like growth and profitability.

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