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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by hello_moto on Sunday March 12, 2023 @07:22PM (#35128019)
VCs Group-A (who knew something) rushed the bank.

VCs Group-B to Z were too late so they asked Govt to help them.

It's not just founders who put their money there, VC funds are there as well and they are probably close to 100% uninsured (cause it's the Fund Series I - XXX).

If you get your hands on the list of depositors, you'll see the list of Funds Series from VCs.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by mattzito on Sunday March 12, 2023 @07:35PM (#35128186)
Most VCs don’t keep a substantive amount of their dry powder on hand, just a percentage. When they need money they make a capital call to their LPs.

(At least, that’s as I understand it from the VCs that I know it)

[ Parent | on HN ]