You might expect Erin Platts to be a bit downbeat, amid the biggest slump in technology stocks in two decades. After all, as European head of Silicon Valley Bank, her business depends entirely on the fortunes of fast-growing tech companies.

But Platts doesn’t do downbeat. An American who has lived in the UK for 15 years, she sees upside in the current downturn, which has introduced a bit more “realism” into public market valuations. “I don’t want to underplay what is happening from a macro perspective, but I don’t think this recalibration is a bad thing.”