4 ms·
Doesn't Y/C have money for these sorts of things? ... seems like a bad situation for them as well since it will wipe out a lot of their holdings
by jppope 4y ago
Doesn't Y/C have money for these sorts of things? ... seems like a bad situation for them as well since it will wipe out a lot of their holdings
- adamnemecek 4y agoThis sounds like a huge amount of money and I can't imagine YC has that much cash lying around.
- djbusby 4y agoCapital call to their investor base?
- adamnemecek 4y agoIt's probably a lot more money than one can put together on such short notice.
- jppope 4y agosure, but they made it seem like they really just need a round of payroll for their companies and stuff can get sorted out after, or did I miss something?
- radlad 4y agoThe most immediate problem is payroll, perhaps as immediate as Monday. But there's still no concrete end in sight for if and when non-FDIC insured amounts will be available.
- deleted 4y ago[deleted]
- consumer451 4y agoThis seems like a great opportunity for investors to signal to founders what type of partners they are in times of need. Zach Coelius nailed it: > I am telling all my companies that even in the worst case scenario and there is no buyer (highly unlikely), they will still get the vast majority of their money back and this just becomes a short term issue. > I, for one, certainly plan to fund my companies through this. https://twitter.com/zachcoelius/status/1634272357132165121 https://twitter.com/zachcoelius/status/1634272357132165121
- throwaway81523 4y ago> This sounds like a huge amount of money and I can't imagine YC has that much cash lying around. And even if it had had the cash, the cash might have been at SVB.
- deleted 4y ago[deleted]
- mbil 4y agoIf so hopefully it’s not in SVB
- dysonpunk 4y ago[flagged]
- ilyt 4y agoHow many companies have spare funds for event of bank going tits up ?