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A comment on Ask HN: How is the SVB situation affecting your startup?. Parent comment

Re:Ask HN: How is the SVB situation affecting your startup? by graderjs on Friday March 10, 2023 @11:15PM (#35105251)
Can you explain, with a focus on how banks and money movements work, why this is a disaster? I'd assume this would be Christmas--Best day of the year, for a bank accepting migrating customers!
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Re:Ask HN: How is the SVB situation affecting your startup? by riseagainst22 on Saturday March 11, 2023 @08:36AM (#35108142)
We have to do due diligence checks even if its an established company dumping 100 mill on us. Suddenly 100's of startups are coming and overwhelming our compliance team.
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