Team TIBCO-Silicon Valley Bank seeks World Tour status
PESCADERO, Calif. – July 29, 2021 – Team TIBCO-Silicon Valley Bank today announced increased partnership commitments from its co-title sponsors, TIBCO and Silicon Valley Bank, that will enable it to file for Women’s World Tour (WWT) status this summer and boost the team's mission of equality for women in cycling to even greater heights. In addition to paying significantly higher rider salaries, the team will also provide its riders with critical resources needed to achieve their goals, including improved infrastructure, specific training camps, a performance director, and additional coaching and directing staff.
“Securing increased pay and expanding resources for Team TIBCO-SVB is an essential step in establishing gender equity for these professional riders and the many women who aspire to compete at this level,” said Dan Streetman, chief executive officer of TIBCO. “Our 16-year partnership with the team has always been about taking action, pushing limits, and achieving results. We’re honored to support the team in their efforts.”
“Our sponsorship of Team TIBCO-SVB is symbolic of our efforts to support ambitious, hard-working women in all of their endeavors, from cycling to entrepreneurship to innovating world-changing technologies,” said Greg Becker, chief executive officer of SVB Financial Group and Silicon Valley Bank. “By increasing our commitment to this talented team, we are aiming to ensure that Team TIBCO-SVB riders can concentrate solely on cycling in pursuit of their ambitious goals.”
Lauren Stephens celebrates with her team after winning the US national road title in June. Photo/Patrick Daly
The Winning Team
For 16 years, Team TIBCO-SVB’s mission has been to provide talented women from around the world with the racing opportunities and resources they need to become top international competitors.
First signing with Team TIBCO-SVB in 2013, Lauren Stephens has become one of the top U.S. riders in the world, representing her country multiple times on the world stage and winning the national championship road race in June. Prior Team TIBCO-SVB U.S. Road National Championship winners include Brooke Miller (2008), Meredith Miller (2009), and Megan Guarnier (2012). Over the years the team has produced dozens of national championship medals across road, track and criterium races. The team has also had numerous riders selected for the World Championships and the Olympics, most recently with Eri Yonamine (JPN) and Sarah Gigante (AUS) selected to represent their countries in Tokyo.
“I am proud that we are able to step up to the World Tour level for 2022,” said team Founder, Linda Jackson. “We have been working toward this goal for several years and it is so rewarding to finally see everything fall into place.
"Female cyclists have suffered financially for decades, and it’s wonderful to be able to pay these athletes at a level that enables them to focus on their sport and achieve their goals. TIBCO and Silicon Valley Bank have supported this cycling team for 16 years, and their increased commitments to our team are representative of their support of women in all fields. I am so proud to have them as our partners.
Lauren Stephens wins the 2021 national road title. Photo/Patrick Daly