Startup Q&A
What small business bank should we use for a standard checking account for our LA-based startup?
CEO and Founder of Kruze Consulting
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I work with over 550+ startups and just about every bank out there. Here are the trends that I’ve noticed:
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Silicon Valley Bank: best for VC backed startups.
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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. We’ve also got a full run down on the best banks for startups.
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.
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