Apr 26, 2023
Ask an Expert Ep.5 - SVB and the VC Market Today with Steve Schlenker (Founding Partner at DN Capital)
In this eye-opening episode of our Ask an Expert podcast series, we revisit our conversation with Steve Schlenker, founding partner of DN Capital, who last year predicted a financial bloodbath in 2023/24. As we face the consequences of the Silicon Valley Bank collapse, Steve shares his insights on the current state of the venture community in both the US and Europe, and the implications for CEOs and founders today.
While the situation remains dire, Steve offers a glimmer of hope. His Three Things from last year – raise as much as you can, reduce costs, and pivot strategically - still hold true, but business leaders can now afford to be a little more optimistic. Tune in to hear Steve's expert advice on weathering the storm and finding opportunities amidst the chaos.