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by soumyadeb
1191 days ago
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Scenario planning on two VC reactions on Thus (3/9) 1) VC1 - SVB is perfectly safe . Don't worry and keep the money there. 2) VC2 - We are hearing rumors about SVB. You should play safe and move it to another bank. Here is a guy who can help with opening accounts etc. And SVB shuts down on Friday (3/10). Guess, which VC would I recommend to a new founder? Yes. Feds saved SVB but there is a world where it might not have and my money could have been locked for days forcing me to miss payroll. In any case, I would have had a sleepless weekend. Founder here. |
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