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The company I work for only said our next payroll is safe. The rest of the statement was wordy without saying much which is a pretty big red flag to me. Here's

The company I work for only said our next payroll is safe. The rest of the statement was wordy without saying much which is a pretty big red flag to me. Here's hoping we didn't lose the entire extension round we just raised.

abirch 4y ago
Does anyone know if there's an estimate of what % of Y-combinator companies used SVB?
- whitemary 4y ago
  >=30%, which is the proportion of Y-combinator companies who cannot make payroll thanks to SVB's failure. Source: https://twitter.com/garrytan/status/1634286688922132481 https://twitter.com/garrytan/status/1634286688922132481
  - fairity 4y ago
    No, 30% is the percent of yc companies who reported having money trapped in SVB that can’t make payroll. The question you’re responding to is asking what percent used svb. That is unknown.
    - whitemary 4y ago
      That's what I said. Did you even read my comment?
      - dota_fanatic 4y ago
        Used SVB and cant make payroll does not equal used SVB and can make payroll (because e.g. they have cash stored in more than one bank).
        sumeno 4y ago
        You're familiar with what >= means, right? The OP was saying it was at least 30%
        temp_account_32 4y ago
        Why are you all so mean to each other? I can see where the confusion comes from. 2% of YC companies could use SVB and 30% of that 2% can't make payroll. Or 90% of YC companies could use SVB and 30% of those can't make payroll. That's a big difference.
        fairity 4y ago
        > Why are you all so mean to each other? The "No, " at the beginning of my response probably triggered them. I was simply trying to make it clear to others that their information was misleading.
        sumeno 4y ago
        I would characterize my response as flippant, not mean :)
  - llbeansandrice 4y ago
    You are mis-quoting the tweet. It’s not >=30% of YC companies. That 30% is the percentage of YC companies _that have exposure to SVB_. So that could be 30% of 5% of YC companies or 30% of 80% of YC companies.

abirch 4y ago

Does anyone know if there's an estimate of what % of Y-combinator companies used SVB?

whitemary 4y ago
>=30%, which is the proportion of Y-combinator companies who cannot make payroll thanks to SVB's failure. Source: https://twitter.com/garrytan/status/1634286688922132481 https://twitter.com/garrytan/status/1634286688922132481
- fairity 4y ago
  No, 30% is the percent of yc companies who reported having money trapped in SVB that can’t make payroll. The question you’re responding to is asking what percent used svb. That is unknown.
  - whitemary 4y ago
    That's what I said. Did you even read my comment?
    - dota_fanatic 4y ago
      Used SVB and cant make payroll does not equal used SVB and can make payroll (because e.g. they have cash stored in more than one bank).
      - sumeno 4y ago
        You're familiar with what >= means, right? The OP was saying it was at least 30%
        temp_account_32 4y ago
        Why are you all so mean to each other? I can see where the confusion comes from. 2% of YC companies could use SVB and 30% of that 2% can't make payroll. Or 90% of YC companies could use SVB and 30% of those can't make payroll. That's a big difference.
        fairity 4y ago
        > Why are you all so mean to each other? The "No, " at the beginning of my response probably triggered them. I was simply trying to make it clear to others that their information was misleading.
        sumeno 4y ago
        I would characterize my response as flippant, not mean :)
- llbeansandrice 4y ago
  You are mis-quoting the tweet. It’s not >=30% of YC companies. That 30% is the percentage of YC companies _that have exposure to SVB_. So that could be 30% of 5% of YC companies or 30% of 80% of YC companies.