Re:20% Of Valley Startups Can’t Get To Their Cash
by marvin on Wednesday March 12, 2008 @08:09AM
(#135077)
Excuse me, but since when do money market funds earn 0.25% interest?
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Re:20% Of Valley Startups Can’t Get To Their Cash
by ojbyrne on Wednesday March 12, 2008 @10:34AM
(#135139)
I was saying that safer alternatives to money market funds (i.e. checking accounts) pay 0.25% interest. I guess it came out a little unclear. These were seem as just another kind of money market fund, 100% safe. To keep money in a checking account rather than putting it into a perceived safe investment that paid a higher rate without sacrificing liquidity, would be neglecting fiduciary responsibilty.