The Silicon Valley Banking Fiasco

When the Titanic Goes Down, All Ships Sink

By Dr. Nick van Terheyden aka Dr. Nick
Twitter: @drnic1
Host of Dr. Nick: The Incrementalist#TheIncrementalist

On this episode I talked to Julien Pham, MD, Managing Partner of Third Culture Capital, an immigrant-founded, physician-led, seed-stage VC firm focused on emerging health tech and techbio companies that are revolutionizing modern care delivery while optimizing and reshaping the experience of care for both patients and providers.

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Julien and I share a common thread in our past, both of us being third-culture kids (raised in a culture other than their parents or the culture of their country of nationality, and also living in a different environment during a significant part of their childhood development years). Julien was born in Vietnam and raised in Paris, France and became a nephrologist, but later discovered his inner entrepreneur and launched two companies in digital health and biotech, both of which had exits. He decided to become a venture capitalist to help other early-stage entrepreneurs. His fund, Third Culture Capital, backs founders who don’t fit the mold and have had unusual journeys. They focus on improving outcomes for patients, decreasing the cost of care delivery, and improving the experience of care for patients and providers.

We discuss the impact of Silicon Valley Bank’s collapse and how it affected entrepreneurs and investors. The bank was known for its early support of innovation and entrepreneurship, and it helped immigrants without social security numbers to open accounts. The collapse of the bank caused contagion in the banking system, and it made entrepreneurs realize that they could not rely on banks as much as they thought. As we all know the government eventually stepped in to prevent further collapse and the risk of a “run-on banks”.

Listen in to hear our conversation on the importance of relationship building and support from smaller banks, the need for entrepreneurs to rethink their banking strategies and how he developed that resilience, and how you can too.

This article was originally published on the Dr. Nick – The Incrementalist blog and is republished here with permission.

About the Show
For years Dr. Nick van Terheyden aka Dr. Nick, has served as a voice on the impact of new technologies on healthcare, earning a reputation as a leading authority on where the future of medicine is going. Combining powers of observation and real world experience, Dr. Nick has seen many predictions come true and makes the case that innovations in healthcare can be accomplished incrementally, not just by moonshot events. Tune in to hear Dr. Nick: The Incrementalist and his guests discuss what the future of healthcare looks like, how we will get there, and what it will take to improve healthcare for all.

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