What small business bank should we use for a standard checking account for our LA-based startup?

Kruze Consulting Startup Q&A Author
Vanessa Kruze Founder, CPA

I work with over 150+ startups and just about every bank out there. Here are the trends that I’ve noticed:

  1. Silicon Valley Bank: best for VC backed startups.

  2. First Republic Bank: best for personal banking, and really good at VC backed companies.

Those really are the ones I’ve found to be best over the past several years, and are great for Los Angeles based, early-stage companies.

I’ve also developed some strong opinions on the best credit cards for startups recently. Two in particular stand out, Brex and the SVB Innovators Card. These do NOT require the founder to take on personal liability, and understand how to lend money to cash-flow negative startups. 

Also read:

Kruze Consulting Santa Monica
1515 7th Street #363
Santa Monica, CA 90401
(424) 610-8594