|
|
|
|
|
|
by subsistence234
1193 days ago
|
|
|
>We discovered about 30% of YC companies would not be able to make payroll even after the $250,000 insured amount if they were to wait months for their payments. That is detailed on the FDIC website currently as the process for remediation. They'll get 40% back next week, enough to make payroll for a while, and another 50% later (possibly much later), and for that second part they can find someone with big pockets to buy them out early at a discount. |
|
|