The collapse of Silicon Valley Bank left many companies, mostly startups, scrambling for cash. One such company was Asian food startup Omsom. The company told customers at the time that it had all of its capital in an account at SVB. In the premier episode of the second season of Lead This Way, Omsom co-founder Vanessa Pham tells Yahoo Finance’s Brooke DiPalma the lessons she learned from the crisis.
Click here for the full Lead This Way episode featuring Omsom co-founder Vanessa Pham.
Editor’s note: This article was written by Stephanie Mikulich.
Video Transcript
SEANA SMITH: Well, it has been one year since the collapse of Silicon Valley Bank, a major wake-up call to the industry that left so many small businesses and investors scrambling to secure their capital, which ultimately led to the demise of the bank. Within a 48-hour period, $42 billion was withdrawn from that bank. In season…
