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Lessons Learned from Silicon Valley Bank’s Collapse with Judith Erwin, Founder & former CEO, Grasshopper Bank, Heather Shen, Co-Founder & Chief Product Officer, Praxis Labs .

Judith Erwin, Heather Shen, Ina Fried
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When Silicon Valley Bank collapsed in March 2023, the largest bank failure since 2008, the ripple effects were felt throughout the global tech and banking sectors, especially within the startup community. According to CNN, at the time of its collapse, about half of all US venture-backed technology and life science firms were banking with SVB.In total, it was the bank for about 2,500 venture firms. That day will be remembered by many startup founders, venture capitalists and bankers, regardless on whether they had any assets themselves at SVB. We sit down with Heather Shen, Co-Founder & Chief Product Officer, Praxis Labs and Judith Erwin, Founder and former CEO of Grasshopper Bank, to discuss lessons learned from this momentous day and how it will affect the next generation of innovators. Questions are welcome!

Meet the Speakers

Judith Erwin

Judith Erwin is the former CEO of Grasshopper Bank, the first digital commercial bank in the United States. Judith was on the founding executive team for Square 1 Bank in 2005, responsible for venture capital services globally. Square 1 successfully went public in 2014 and was later sold to Pacific Western Bank. She previously worked at Imperial and Comerica. After 35 years in banking, Judith knew it was the time to make significant changes in the commercial banking industry. Her strategy was to build a bank from scratch providing both a modern technological framework and intuitive user experience for the digital entrepreneurs Grasshopper serves. Grasshopper Bank opened its doors on May 13, 2019 becoming the first US digital commercial bank, first new bank in NY in ten years, and first de novo with a female CEO, female CTO, and female CFO.

Heather Shen


Ina Fried

Ina is the chief technology correspondent at Axios. She authors the daily Axios Login newsletter and brings years of Silicon Valley experience to offer a smart take on tech. Prior to joining Axios, she was senior editor for All Things Digital, a senior staff writer for CNET Network's News.com, and worked for Re/code.

About Diversity Reboot Summit

The office we knew just three years ago looks remarkably different today. From Zoom meetings to ChatGPT, we’re all dealing with unexplored challenges.The questions facing business leaders are many from how to build an inclusive company culture in an increasingly remote environment to how to leverage advancing technologies while still guaranteeing development opportunities for their workforces.On the talent side, following “The Great Resignation”, many professionals are re-assessing what they value from a job: flexibility, work-life balance, diversity policies, and more. All while navigating through global economic uncertainty.At PowerToFly's The Future of Work virtual summit, part of the Diversity Reboot series, we are bringing together a diverse set of subject matter experts to discuss what's next for both businesses and professionals that make them up in this ever-changing world.Join us for fireside chats, workshops, networking opportunities, and for the unveiling of PowerToFly'd all-new DEIB solutions suite!This summit will conclude with a free virtual job fair featuring companies hiring for remote and hybrid roles around the world.Summit topics will include:

  • ChatGPT, AI and the Impact on the Workplace
  • Silicon Valley Bank’s Collapse and How Will It Affect Future Tech Startup Funding
  • Living And Working Abroad In A Post-Pandemic World
  • How to Tackle Hybrid Working
  • The Neurodiverse Experience In A Remote Setting & How Companies Can Improve
  • And much more!

Featured speakers will include:

  • Alex Kogan, CTO, HiOperator
  • Judith Erwin, Former CEO, Grasshopper Bank
  • Liam Martin, CoFounder, Time Doctor and Co-Author, Running Remote
  • Nadia Harris, Founder, remoteworkadvocate.com
  • Amy Kim, President & CRO, PowerToFly
  • Amber Kirbos, VP of Product, PowerToFly
  • Shane Metcalf, Founder, 15five
  • Madhu Sudha, Communications & Marketing Manager, Mom Relaunch
  • And many more!

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