Some VC firms could face challenges in finding another bank that offers the same product offering as Silicon Valley Bank.
SVB served and built a very strong product offering for VC firms, said Gowdey, adding that Jungle Ventures will now probably have to "look for a Big Four player in the U.S. to be our partner."
In terms of replacing some of the features that SVB provides in the U.S., it is "going to be hard," said Vinnie Lauria, managing partner at Golden Gate Ventures, on CNBC's "Lauria qualified that less than 1% of Golden Gate Ventures' entire portfolio had banked with SVB. For those companies backed by Golden Gate that banked with SVB, they did not engage full banking services with the U.S. bank, he said.
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