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A comment on Silicon Valley Bank’s shares are tanking as a mess unfolds. Parent comment

Re:Silicon Valley Bank’s shares are tanking as a mess unfolds by ericpauley on Thursday March 09, 2023 @07:46PM (#35089032)
I totally get why you’d borrow from them, and the card sounds nice, but do you want to be depositing your money with businesses that offer no personal recourse credit cards to brand new businesses?
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Re:Silicon Valley Bank’s shares are tanking as a mess unfolds by helsontaveras18 on Thursday March 09, 2023 @08:01PM (#35089149)
What’s wrong with that? Credit cards for businesses can be very low risk with the right KYC and underwriting controls.

Consider that startups are most often sitting on mountains of cash.

Also, having founders personally guarantee a credit card by putting up a house as collateral is not ideal for anyone.

[ Parent | on HN ]