4 ms·
Does SVBs disaster mean I should diversify my startups funding across many banks
- poorbutdebtfree 4y agoI wish there was a Dr. Fauci equivalent of the SEC/FDIC to tell us what to do. I feel so lost.
- Woodi 4y agoNo. Banks are solid. ;) "Banks" as in big institution regulated by lots of law and participating in state guaranteed fund. But it means - to you as company owner - that you need to spend only as much as you have in cash or bank. Or in solid promises :) Or having day job. Or get dedicated investor who will be happy to keep burning money on your doings. For various reasons. Like da Vinci and others. But I think Mozart was in constant financial troubles, da Vinci too... In short: have more money then you are spending. Slow down when needed. Welcome to early 90's.