Open Mic: Bank Crises - Access to Capital in a Constrained Lending Environment
Join us for an informal conversation on Wednesday, April 19, 2023, 2:30-3:30 ET to discuss the impacts of the week ending March 10, when Silicon Valley Bank –and subsequently other banking institutions– faced a lack of faith from their depositors and a subsequent collapse.
The impact investing community’s infrastructure came to the ready with a number of resources to bridge immediate needs. Foundations responded to impact fund managers and entrepreneurs, working together to find solutions. But what’s next?
In this informal, highly participatory offering, questions such as the following may be addressed:
- What happened when entrepreneurs and fund managers served by Silicon Bank were faced with a potential loss of funds, access to capital and banking relationships?
- How will regulatory and internal banking practices change?
- Are regional banks and minority depository institutions (MDIs) at risk and if so, what does that mean for your foundation’s investees?
- How will especially vulnerable communities and early-stage entrepreneurs be impacted over the next few years?
- Cash strategies to support a more stable, accessible lending environment for your investees
MIE members, log in to register for this Open Mic. If you have questions or challenges accessing registration, please contact Zineb Touzani at [email protected]. If you are not a member of MIE and would like to attend this Open Mic, please reach out to [email protected].
What is an Open Mic?
Open Mics are lightly structured, webcam-enabled calls for MIE members to come together and discuss ideas and opportunities to create impact. Intended to be flexible, Open Mics embody the goal of mobilizing with urgency, employing a simple concept:
- What ideas, projects, or resources exist within the MIE community — and how can we help each other respond to urgent crises?
- How can we work quickly to bring together a variety of voices, investment opportunities, and best practices in an action-oriented conversation