News for hackers. Stuff that matters.
Re:Yellen says government will help SVB depositors but rules... by dehrmann on Sunday March 12, 2023 @03:11PM (#35124775)
> The issue is it wasn't pension money. It was VC money...

You're going to shit yourself when you learn who some of the LPs are.

Re:Yellen says government will help SVB depositors but rules... by iancmceachern on Sunday March 12, 2023 @03:46PM (#35125240)
What is an LP?
Re:Yellen says government will help SVB depositors but rules... by ekidd on Sunday March 12, 2023 @05:15PM (#35126408)
"Limited partner", someone who invests in a partnership without having day-to-day management control (IIRC). In the case of VCs, many of the limited partners are pension funds or other giant players who want to invest a small fraction of their assets in higher-risk, higher return securities. (The LPs probably have other assets invested in lower-risk, lower-return assets.)