Ask HN: How is the SVB situation affecting your startup?

Re:Ask HN: How is the SVB situation affecting your startup? by toomuchtodo on Friday March 10, 2023 @11:13AM (#35096322)

A bailout is not guaranteed. How long it takes to be made whole is unknown. How long can you go without cash while regulators work out the details. How long will payroll and creditors wait for you to get your cash back.

Hope for the best, plan for the worst.

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Re:Ask HN: How is the SVB situation affecting your startup? by whitemary on Friday March 10, 2023 @11:33AM (#35096658)

Nonsense. A bailout has more precedent now, and the current political situation with the Democrats in the White House virtually guarantees it. The last bailout never had a precedent or approval of the American people, but they did it anyway and they will do it again.

Capitalism doesn’t allow planning for the worst. Karl Marx showed us this 150 years ago, and the working class is regularly reminded in blood, but the ruling class just never seems to get it. I wonder why.

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Re:Ask HN: How is the SVB situation affecting your startup? by dudeDDRrulez on Friday March 10, 2023 @11:44AM (#35096832)

Dodd Frank did away with bail outs. It will be a “bail in” using customer deposits this time around.

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Re:Ask HN: How is the SVB situation affecting your startup? by yanderekko on Friday March 10, 2023 @01:18PM (#35098567)

>Capitalism doesn’t allow planning for the worst.

Governments bailing out banks is not capitalism.

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Re:Ask HN: How is the SVB situation affecting your startup? by consumer451 on Friday March 10, 2023 @03:27PM (#35100470)

This reminds me of the "Well, the Soviets never practiced real communism!" argument.

My point being that it appears to me that "real" capitalism has never actually existed in reality. It is an overly-idealistic theory, much like "real" communism.

Just to be clear, I am very pro-market economy.

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