Re:Startups that use Silicon Valley Bank are freaking out ov...
by s1artibartfast on Saturday March 11, 2023 @10:54AM
(#35109332)
I'm pretty sympathetic to SV bank here, but wonder if it was an option to Simply hold cash as a less risky option still when their Business tripled in 2021. They were in a very unique position. When it's all gets Unwound, it will be interesting to see what was going on internally with their decision making and if their Chief risk officer was on board with this or not.
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Re:Startups that use Silicon Valley Bank are freaking out ov...
by skeeter2020 on Saturday March 11, 2023 @11:30AM
(#35109821)
A bank would be better to not take the deposits than hold it all as cash though.
Re:Startups that use Silicon Valley Bank are freaking out ov...
by s1artibartfast on Saturday March 11, 2023 @11:42AM
(#35109979)
interesting, why would that ever be the case?
Cash on hand would clearly help with a bank run and could be slowly invested in treasuries over a longer duration.