News for hackers. Stuff that matters.

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 UncleOxidant on Thursday March 09, 2023 @05:44PM (#35087890)
One can imagine that a startup might have more than the $250K FDIC limit in the bank. I think that's what they're being advised of: Get under the $250K limit ASAP.
[ Parent | on HN ]
Re:VC firms are urging founders to pull money from troubled ... by orangepurple on Thursday March 09, 2023 @06:15PM (#35088217)
Also multiple banks might be under one FDIC account so you have to check that too
[ Parent | on HN ]