[wpietri]

This was back when A rounds were much more modest in size. We put it in one of the largest and therefore most highly regulated banks, the ones that now have to meet Basel III standards. If we'd had more money, we would have put it in 2 banks. A solution that would have been enough for almost everybody here, as the main thing causing a risk of not making payroll is the way the FDIC is locking up a good chunk of the uninsured funds while they sell off SVB's assets.