Articles
February 9, 2023
Funding Growth-Tech During a Downturn: A Tech Banker’s Insights
# Technology
# AI
Bank of the West’s Andreas Bubenzer-Paim on markets, ChatGPT and bankers helping tech firms weather recessions.
The collapse of the IPO market in 2022 is just one factor weighing on growth-tech firms that need financing as they prepare for a possible economic downturn while watching many mega-cap tech companies eliminate jobs. That’s the backdrop for this timely Strategic Finance Lab podcast conversation with Andreas Bubenzer-Paim, managing director and head of technology banking at Bank of the West. You can listen to it now by heading to Apple or Spotify
- Mr. Bubenzer-Paim shares his insights with NeuGroup’s Antony Michels on the outlook for growth-tech firms, cryptocurrency, space technology and how tech companies can forge stronger ties with banks—and what they should expect from those banks during good times and, more importantly perhaps, when the going gets tough.
Mr. Bubenzer-Paim, seen above with NeuGroup CEO and founder Joseph Neu at the fall meeting of NeuGroup for Growth-Tech Treasurers sponsored by Bank of the West, also gives his take on ChatGTP and artificial intelligence.
- The interview took place before Microsoft announced it would integrate ChatGPT technology into its Bing search engine and Google’s event on Wednesday to promote its new AI chatbot called Bard.
- Those developments dovetail nicely with what Mr. Bubenzer-Paim says about ChatGPT: “It’s certainly a milestone development. It’s still a very specialized tool, it’s built to fulfill a very specific purpose. I think those kind of AI [tools] are bound to be successful.”
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