Re:The Collapse of SVB Exposes the Largest Crack in the Economy
by npunt on Friday March 10, 2023 @07:38PM
(#35103557)
Key question: what other banks that startups use have an exemption to Basel III? Would love to understand broader risk to startup ecosystem.
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy
by ta1243 on Saturday March 11, 2023 @03:02AM
(#35106414)
Why would a startup use a risky bank?
Re:The Collapse of SVB Exposes the Largest Crack in the Economy
by Scoundreller on Saturday March 11, 2023 @03:40AM
(#35106603)
Given how popular this bank was with startups/tech orgs, it suggests that they were otherwise unbankable by the usual players.
I’m unsure what special services a startup needs from their bank that any other bank serving businesses couldn’t offer.