[pickledshrimp]

One more thought - I do know someone who is not based in SV who asked questions about liquidity to his SVB account manager / salesperson and found the answers troubling enough that they refused the terms and therefore now don’t have any money caught up in this. Plus there are short sellers etc who made a lot of money on it, as well as plenty that pulled out earlier and now have their money safe somewhere else.

I guess it’s kind of funny that an industry that describes itself as trying to empower contrarians missed this, but being a contrarian often means taking short term beatings for long term gains, and there are so many of those to do in a startup who you bank with might not feel like the most important one to expend energy on. But it’s not that funny for people who won’t get paid this month.