In this episode of Austin Tech Connect, Thom Singer sit down with Clay Scovill from Wells Fargo Technology Banking Group.  In this conversation, they talk about the state of banking for tech companies in Austin, Texas.   A lot has happened in the world of banking over the past year, and every technology leader should listen to this conversation to make sure that you were in a banking relationship that is serving you at your current stage and beyond.   About Clay Scovill  

Clay Scovill is a Sr. Technology Bank in the Wells Fargo Commercial Banking Group, based in Austin, TX.  He has a 15-year career in banking and private equity in New York and more recently Austin, TX.  Clay’s focuses on software, fintech, internet platforms and semi-conductor companies mainly based in Texas.  Key areas of expertise include debt and equity capital markets, cash management and payment structures.  Clay focuses on tech companies from Series A through IPO and mid-corporate companies post-IPO.  Clay lives in Austin with his wife and three kids (7, 4, 2). 

 

About Wells Fargo Technology Banking Group

 

The Technology Banking Group (TBG) team is a Specialized Industry banking team focused on providing banking services to technology companies. Clients generally have venture capital (VC) investors or were formerly VC backed. The group focuses on companies from early stage (less than $25 million in equity raised and minimal revenues) to mid-corporate (greater than $100 million in revenue). Companies may be private or public and are characterized by rapid growth.  With over 25 years of lending history and more than 1,000 clients, the TBG team has developed the pattern recognition to quickly evaluate opportunities and provide the right solutions. The team also leverages a deep network of investors, non-bank lenders, and other centers of influence (COI) in the technology ecosystem.

TBG primarily acquires new clients through:

• Strong relationships with investors and an established referral network.
• Connectivity with strategic partnerships and information technology (IT) sourcing to evaluate, buy, and invest in new technology.
• Its ability to accelerate strategic dialogue between the client and Wells Fargo

 

About Austin Technology Council

Austin Tech Connect is the official podcast of the Austin Technology Council.  ATC was founded in 1992 to help promote the growth of Austin technology companies and to help create more community in the growth tech ecosystem.  Today the organization is a leading organization and a major voice for the continued growth of tech in Central Texas.