College of Sydney Head of Small business and Finance Prof. Eliza Wu says Silicon Valley Lender “exposed themselves” to difficulty getting cash again by handing out financial loans to start-up tech firms which are usually “cash poor”.
“In the circumstance of Silicon Valley Financial institution they’ve exposed on their own to a lot of financial loans created to get started-up tech companies – typically money lousy so it is incredibly hard to be in a position to get funds back again when you require to,” Ms Wu instructed Sky News host Ross Greenwood.
“Especially when you’ve got large traders that are withdrawing funds from the fiscal establishment.”
