[adra]

Startups are risky. The money invested should be considered a risk. For all the people who would lose their job from this collapse, it's just as sad as the mass layoffs in the tech sector over the last few months. None of the employees of these companies have lost their personal wealth unless they also banked >250k there. The only big losers are the investors putting money into this already risky sector. It's not a sector that needs government backed bailouts. If you want to support the uber rich in these scenarios, just raise the backed insurance to 100% and let the government backed risk to be absolute. This shell game of "were not covering rich people but will will if anything bad happens" is simply disingenuous.

[pgodzin]

Startups are risky enough as is without having to create and manage 50 different banks with 250k in each. Those mass layoffs were the result of poor decisions and execution by the companies, and they should face the consequences.

We want startups to focus on innovation, and where they store (not invest) their cash should ideally be trivial