[mbesto]

What you're referring to is called "treasury management". Roku is not a VC backed startup (it's a public traded company) and they held nearly $500M in cash in SVB (idiots).[0]

HN'rs love to criticize financial analysts, but this is precisely the thing that they would typically look at (whether they actually did on Roku is another question) when analyzing the overall value of a business. Meaning, they don't just look at the company's financials, but also the management team, their performance, their controls, processes, etc. (and arguably their treasury management). We also love to criticize MBAs and finance people, but this is exactly the type of thing that is optimized with experienced business/finance professionals.

You might be thinking "how on earth does X big company operate this way?". The same way a company like Equifax who literally provides all of its FICO scoring via computers, was running outdated Java components that led to a serious ransomware hack.

[0] - https://www.cnn.com/2023/03/10/business/roku-svb-cash/index....