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A comment on VC firms are urging founders to pull money from troubled Silicon Valley Bank. Parent comment

Re:VC firms are urging founders to pull money from troubled ... by ender341341 on Thursday March 09, 2023 @05:40PM (#35087850)
Speed, if all your money disappears tomorrow you may miss payroll while you're waiting for the FDIC to get you your money.
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Re:VC firms are urging founders to pull money from troubled ... by jhallenworld on Thursday March 09, 2023 @06:06PM (#35088127)
There is a legal process to get your money, so you can guess that this is not going to be quick. I remember stories about this after 2008.
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