Scenario 1: Minority Ownership

Scenario 1: Minority Decentralized Ownership (Acquisition DAO)

The DAO would seek to purchase a minority stake in SVB alongside a syndicate of other private investors, with the goal to privatize the bank and re-instill the confidence of its customers. The DAOs participation would be predicated not only on its ability to participate in SVB’s privatization, but to also have influence on key decisions affecting the future direction of the bank.

As shareholders in Silicon Valley Bank, we would initially aim to stabilize the situation alongside our partners, safeguard assets and customer deposits, and reestablish control over communication with customers. Where appropriate and fundamental to upgrading the operations of the bank, we would strive to incorporate blockchain technology and community-enabled decision making practices. For example, risk and treasury management were particularly challenging for SVB and could have been done more effectively by accessing more viewpoints from a DAO community and making distributed decisions with multiple stakeholders voting on major risk and treasury management initiatives.

As stakeholders and believers in the unique power and technology of Web3, we would encourage SVB, our partners and stakeholders, to not only adopt and support existing and new blockchain initiatives (internally and externally with regulators), but also support the ecosystem by providing regulatory friendly banking options in an innovative manner similar to SVB’s 40 years of history as the primary bank with the mission and dedication to support venture capital and tech startups across the globe.

The DAO would aim to have influence in other areas, including but not limited to participating on the Board of Directors to represent the DAO community, forming and potentially leading a focused effort to increase representation and community diversity within the SVB portfolio, and participating in relevant decisions related to venture capital and crypto investments.