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Re:SVB lobbied the government to relax some Dodd-Frank provi... by fwlr on Sunday March 12, 2023 @03:07AM (#35117574)
I’d argue the real lesson here is that startups with VC money can’t afford to treat their bank account as a black-boxed third party API. Hire a risk-averse financial analyst as CFO early on and task them with the responsibility of making your financial holdings bulletproof to as many different economic shocks as possible.
Re:SVB lobbied the government to relax some Dodd-Frank provi... by conductr on Sunday March 12, 2023 @04:19AM (#35117950)
Hire an actual CFO, it can be fractional/contract. Don't hire anyone with 'analyst' in their title or experience level to manage your money.
Re:SVB lobbied the government to relax some Dodd-Frank provi... by fwlr on Sunday March 12, 2023 @05:39AM (#35118299)
Yeah, I don’t know why I tried to specify what kind of person you should hire for CFO. Just hire a good one.