[leehuffman]

I think you’re missing the piece where “company” means any registered legal entity. This can be a single human to <= 8 employees to <= 50 employees to >= 1000.

You’re getting lost in the current context of what you assume to be SVB’s majority customer; the banger ‘unicorns’ we’ve all read about over the last decade, who would/should have this ‘treasury department’ you’re referencing.

Zoom tf out, remove SVB, and tell the guy who fixed your fucked plumbing last go around that his lack of a treasury department and/or insight into what his primary bank is doing with their deposits is a major problem and they deserve to eventually get fucked because of it. I’ll wait…

[danielmarkbruce]

FDIC insurance is up to 250k. It's covers the plumber. Any small business (and most consumers) doesn't need to think about this stuff.

The comments above are about companies with millions of dollars. It starts with someone talking about $5 million.

[killerstorm]

An average house costs more than $250k. If the system cannot secure a typical transaction people make, it's a shit system.