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There is a flight to security on concerns about the stability of money market funds. If your startup uses money market accounts for working capital/payroll you
by ckinnan 18y ago
There is a flight to security on concerns about the stability of money market funds. If your startup uses money market accounts for working capital/payroll you should make sure the fund doesn't have corporate bond exposure
- michaelneale 18y agoI never quite understood why startups do that - I mean, from an investors point of view, isn't there enough risk already? (I guess the assumption was that money markets was as good as cash).
- quasimojo 18y agopedestrian mm's tend to de-emphasize corporate paper and yes, the amount of money your startup has in its mm is definitely pedestrian