[crazygringo]

It's obviously different if you work in finance and you're dealing with hedge-fund-sized quantities of money. Making money off risk is your core competence.

For the vast, vast majority of startups that's not their business. Storing a few million dollars should not require expert due diligence into a bank's holdings when you're in a developed country, due diligence that these business owners don't even know how to do. It's not irresponsibility, it's focusing on the things a small business should focus on rather than distractions.