[berberous]

I, and others, would never keep more than $250k in a bank account even before this SVB debacle. There are products made to manage this risk. For example, Mercury gives you up to $1M of insurance by sweeping to four different banks on the back end without you having to lift a finger. You can also sweep excess into money market funds.

I do have sympathy for 20-something founders who were too young and unaware of these risks, and focused on other aspects of their business, but this is not a “hindsight only” kind of thing.