Uncertainty Looms Over SVB Capital's Future Amid Ongoing Sale.
SVB Capital, a subsidiary of Silicon Valley Bank, is up for sale, putting its ownership stakes in some of tech’s best-known venture capital firms, including Accel, Andreessen Horowitz, Index Ventures, and Sequoia, in flux. Venture capital firms typically control who can invest in their funds, but unless the firms held an unusual provision in their agreements with SVB that would give them more say in the sale process, they won’t have the ability to block a sale of the SVB’s venture portfolio as a whole. The sale of such startup stakes from one investor to another is relatively straightforward.
