{"id":458543,"date":"2021-03-16T08:04:04","date_gmt":"2021-03-16T12:04:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458543"},"modified":"2021-03-16T08:04:04","modified_gmt":"2021-03-16T12:04:04","slug":"silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/","title":{"rendered":"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Valence is a community of more than 10,000 Black professionals and a platform for recruitment, mentorship and professional development<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SANTA CLARA, Calif.<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=3198255783&amp;u=https%3A%2F%2Fwww.svb.com%2F&amp;a=Silicon+Valley+Bank\" rel=\"nofollow noopener noreferrer\">Silicon Valley Bank<\/a><\/u>\u00a0(SVB), the bank of the world&#8217;s most innovative companies and their investors,\u00a0and\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=806340689&amp;u=https%3A%2F%2Fvalence.community%2F&amp;a=Valence\" rel=\"nofollow noopener noreferrer\">Valence<\/a><\/u>,\u00a0the leading\u00a0community to connect and empower Black professionals,\u00a0today announced\u00a0a collaborative effort to\u00a0connect innovative\u00a0companies with Black\u00a0talent.\u00a0Through a two-year partnership, SVB will provide 2,000 of its clients in the technology and life science industries with access to the Valence platform, where companies can recruit and network with Valence&#8217;s community of Black professionals. SVB also participated in Valence&#8217;s <span class=\"xn-money\">$5.25M<\/span> equity raise in 2020.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/133147\/silicon_valley_bank_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/133147\/silicon_valley_bank_logo.jpg\" title=\"Silicon Valley Bank logo. (PRNewsFoto\/Silicon Valley Bank)\" alt=\"Silicon Valley Bank logo. (PRNewsFoto\/Silicon Valley Bank)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Our long commitment to strengthening the innovation ecosystem is leading to new investments and partnerships to\u00a0promote\u00a0voices and perspectives that reflect the world we live in,&#8221; said <span class=\"xn-person\">Greg Becker<\/span>, CEO of Silicon Valley Bank. &#8220;Access to talent is the biggest challenge we hear from our clients year after year, and we want\u00a0to\u00a0help make it easier for companies to hire Black talent, specifically.\u00a0We&#8217;re proud to partner with\u00a0our client\u00a0Valence to help increase the number of Black professionals in the innovation economy.&#8221;\u00a0\u00a0<\/p>\n<p>Through Valence, SVB clients will be able to recruit, retain and promote Black talent through job postings, mentorship, connections, employee resource groups\u00a0and professional development opportunities.\u00a0The\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=755358229&amp;u=http%3A%2F%2Fvalence.community%2Fsvb&amp;a=partnership\" rel=\"nofollow noopener noreferrer\">partnership<\/a><\/u>\u00a0also includes sponsorship of Valence Bonds, an\u00a0exclusive\u00a0executive coaching program\u00a0that\u00a0will\u00a0launch\u00a0in\u00a0June\u00a0for select Black leaders, and the\u00a0BoostXL\u00a0virtual\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=1229575394&amp;u=https%3A%2F%2Fvalence.events%2Fboostxl-a-valence-weekly-event-series-presented-by-silicon-valley-bank%2F&amp;a=event+series\" rel=\"nofollow noopener noreferrer\">event series<\/a>\u00a0<\/u>featuring one-on-one\u00a0conversations between professionals such as\u00a0Orlando Jones,\u00a0Janice Bryant Howroyd\u00a0and\u00a0DJ\u00a0Jazzy Jeff.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>&#8220;Silicon Valley Bank has been a critical partner in supporting the growth of Valence,&#8221; said <span class=\"xn-person\">Guy Primus<\/span>, CEO of Valence. &#8220;They were there for us in our earliest days, supporting our mission and the Black community.\u00a0They have an incredible\u00a0network in the tech and venture\u00a0community\u00a0and we&#8217;re thrilled to be a part of it. We look forward to our continued collaboration as we promote Black talent in the innovation economy.&#8221;\u00a0<\/p>\n<p>Twenty\u00a0Silicon Valley Bank clients\u00a0including\u00a0Medallia,\u00a0Upwork,\u00a0and\u00a0Wayfair\u00a0participated in the partnership pilot\u00a0and\u00a0collectively have posted\u00a0nearly 3,200\u00a0job opportunities to the community\u00a0since\u00a0May 2020.\u00a0<\/p>\n<p>&#8220;It has been a wonderful experience going through the SVB + Valence partnership pilot these past few months,&#8221; said <span class=\"xn-person\">Ryan Gilchrist<\/span>, Global Head of Talent Acquisition at Wayfair. &#8220;We&#8217;ve discovered exceptional talent and provided resources to our\u00a0WayBlack\u00a0employee resource group through the platform. Valence has provided outstanding industry knowledge and operational expertise throughout the process. We look forward to further leveraging the Valence platform to source and engage Black talent.&#8221; \u202f \u202f\u00a0\u00a0<\/p>\n<p>Founded in <span class=\"xn-location\">Los Angeles<\/span> in 2019, Valence&#8217;s\u00a0mission is to\u00a0create new paths to success for Black professionals.\u00a0The Valence platform connects, showcases and empowers\u00a0the\u00a0Black\u00a0professional community\u00a0through career\u00a0development\u00a0and funding opportunities.\u00a0\u00a0<\/p>\n<p>Building a more diverse, equitable and accessible\u00a0innovation economy is the focus of\u00a0SVB&#8217;s\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=3175079629&amp;u=https%3A%2F%2Fwww.svb.com%2Fliving-our-values%2Faccess-to-innovation&amp;a=Access+to+Innovation%C2%A0initiative\" rel=\"nofollow noopener noreferrer\">Access to Innovation\u00a0initiative<\/a><\/u>. For years,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=181011935&amp;u=https%3A%2F%2Fwww.svb.com%2Fstartup-outlook-report-2020%23policy&amp;a=SVB+clients+have+shared+that+their+top+challenge+is+finding+talent+with+the+skills+needed+to+grow+their+businesses\" rel=\"nofollow noopener noreferrer\">SVB clients have shared that their top challenge is finding talent with the skills needed to grow their businesses<\/a><\/u>. SVB recognizes that diverse workforces create strong companies, and that\u00a0it behooves\u00a0companies\u00a0to\u00a0broaden the\u00a0sources they leverage in their\u00a0recruiting efforts.\u00a0Through Access to Innovation programs, partnerships and financing,\u00a0SVB is building educational, employment and funding pathways by nurturing emerging talent, expanding connections and funding for Black, Latinx and women founders and venture capital investors, while working toward gender parity and diversity in leadership.\u00a0<\/p>\n<p>\n        <b>About Silicon Valley Bank<\/b>\u00a0<br \/>For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at\u202f<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=2649812135&amp;u=https%3A%2F%2Fwww.svb.com%2F&amp;a=svb.com\" rel=\"nofollow noopener noreferrer\">svb.com<\/a><\/u>.\u00a0<\/p>\n<p>\n        <i>\u00a92021\u00a0SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the <span class=\"xn-location\">California<\/span> bank subsidiary of SVB Financial Group (Nasdaq: SIVB).<\/i>\u00a0<\/p>\n<p>\n        <b>About Valence<\/b>\u00a0<br \/>Valence&#8217;s mission is to create new paths to success for Black professionals. The Valence platform connects, showcases and empowers the Black professional community through career development and funding opportunities, with an eye toward a future where there are generations of Black professionals who are skilled in the art of business.\u00a0Valence also partners with companies to help them recruit, retain and promote Black talent.\u00a0Join by signing up at\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098045-1&amp;h=3518907357&amp;u=http%3A%2F%2Fwww.valence.community%2F&amp;a=www.valence.community\" rel=\"nofollow noopener noreferrer\">www.valence.community<\/a><\/u>.\u00a0\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF10721&amp;sd=2021-03-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy-301248096.html\">http:\/\/www.prnewswire.com\/news-releases\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy-301248096.html<\/a><\/p>\n<p>SOURCE  Silicon Valley Bank<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF10721&amp;Transmission_Id=202103160800PR_NEWS_USPR_____SF10721&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Valence is a community of more than 10,000 Black professionals and a platform for recruitment, mentorship and professional development PR Newswire SANTA CLARA, Calif., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0Silicon Valley Bank\u00a0(SVB), the bank of the world&#8217;s most innovative companies and their investors,\u00a0and\u00a0Valence,\u00a0the leading\u00a0community to connect and empower Black professionals,\u00a0today announced\u00a0a collaborative effort to\u00a0connect innovative\u00a0companies with Black\u00a0talent.\u00a0Through a two-year partnership, SVB will provide 2,000 of its clients in the technology and life science industries with access to the Valence platform, where companies can recruit and network with Valence&#8217;s community of Black professionals. SVB also participated in Valence&#8217;s $5.25M equity raise in 2020. &#8220;Our long commitment to strengthening the innovation ecosystem is leading to new investments and partnerships to\u00a0promote\u00a0voices and perspectives that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458543","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Valence is a community of more than 10,000 Black professionals and a platform for recruitment, mentorship and professional development PR Newswire SANTA CLARA, Calif., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0Silicon Valley Bank\u00a0(SVB), the bank of the world&#8217;s most innovative companies and their investors,\u00a0and\u00a0Valence,\u00a0the leading\u00a0community to connect and empower Black professionals,\u00a0today announced\u00a0a collaborative effort to\u00a0connect innovative\u00a0companies with Black\u00a0talent.\u00a0Through a two-year partnership, SVB will provide 2,000 of its clients in the technology and life science industries with access to the Valence platform, where companies can recruit and network with Valence&#8217;s community of Black professionals. SVB also participated in Valence&#8217;s $5.25M equity raise in 2020. &#8220;Our long commitment to strengthening the innovation ecosystem is leading to new investments and partnerships to\u00a0promote\u00a0voices and perspectives that &hellip; Continue reading &quot;Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T12:04:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/133147\/silicon_valley_bank_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy\",\"datePublished\":\"2021-03-16T12:04:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/\"},\"wordCount\":807,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/133147\\\/silicon_valley_bank_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\\\/\",\"name\":\"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/","og_locale":"en_US","og_type":"article","og_title":"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy - Market Newsdesk","og_description":"Valence is a community of more than 10,000 Black professionals and a platform for recruitment, mentorship and professional development PR Newswire SANTA CLARA, Calif., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0Silicon Valley Bank\u00a0(SVB), the bank of the world&#8217;s most innovative companies and their investors,\u00a0and\u00a0Valence,\u00a0the leading\u00a0community to connect and empower Black professionals,\u00a0today announced\u00a0a collaborative effort to\u00a0connect innovative\u00a0companies with Black\u00a0talent.\u00a0Through a two-year partnership, SVB will provide 2,000 of its clients in the technology and life science industries with access to the Valence platform, where companies can recruit and network with Valence&#8217;s community of Black professionals. SVB also participated in Valence&#8217;s $5.25M equity raise in 2020. &#8220;Our long commitment to strengthening the innovation ecosystem is leading to new investments and partnerships to\u00a0promote\u00a0voices and perspectives that &hellip; Continue reading \"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T12:04:04+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/133147\/silicon_valley_bank_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy","datePublished":"2021-03-16T12:04:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/"},"wordCount":807,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/133147\/silicon_valley_bank_logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-valley-bank-and-black-talent-platform-valence-team-up-to-increase-black-representation-in-the-innovation-economy\/","name":"Silicon Valley Bank and Black Talent Platform Valence Team Up to Increase Black Representation in the Innovation Economy - 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