News for hackers. Stuff that matters.

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 astrange on Monday March 13, 2023 @04:21PM (#35141929)
VC portfolio companies don't need loans; that's what they have all that cash for. It's also why SVB had everything in treasuries because they couldn't loan it out.

Founders used SVB because regular banks, if they see you have a failed startup in your history, won't give you a home loan.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by BadCookie on Monday March 13, 2023 @07:19PM (#35144637)
Venture debt is a thing. I worked for a startup that had a loan through SVB ... so I don't think you're quite correct, though I don't know how common those loans were.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by BadCookie on Monday March 13, 2023 @07:30PM (#35144789)
In fact, here's a page on the SVB website about venture debt: https://www.svb.com/startup-insights/venture-debt/how-does-v...
[ Parent | on HN ]