Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by mlyle on Sunday March 12, 2023 @02:50PM (#35124441)

> It would be great if VCs would provide simple cash management services to their fledgling investments, though.

It was dirt simple to just use IntraFi. You just say you want it, and sign the form. If you want a little more interest income, you do some cash flow planning and check the box for laddering.

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Re:Yellen says government will help SVB depositors but rules... by wrs on Sunday March 12, 2023 @03:01PM (#35124623)

You do have to know it exists, though. Remember the CFO at this hypothetical startup is probably really good at Python, not treasury management. And later on if you need something like a revolving AR credit line, you can’t use your IntraFi balance to collateraize that.

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Re:Yellen says government will help SVB depositors but rules... by mlyle on Sunday March 12, 2023 @04:04PM (#35125498)

OK, but one of the whole points of why you take venture money is to leverage experience and best practices. Our VCs introduced our bankers and suggested things we should do.

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Re:Yellen says government will help SVB depositors but rules... by wrs on Sunday March 12, 2023 @07:47PM (#35128338)

Totally agree -- VCs should hand out cash management support to go with the cash they hand out!

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