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A comment on Ask HN: How is the SVB situation affecting your startup?. Parent comment
Banks lend for long periods on the expectations that deposits that are withdrawn by some customers are balanced by new deposits from others.
But of course in the current environment there aren't a ton of startups depositing recently-raised funds.
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Banks lend for long periods on the expectations that deposits that are withdrawn by some customers are balanced by new deposits from others.
But of course in the current environment there aren't a ton of startups depositing recently-raised funds.