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These are Chicken Little scare tactics, and it is disappointing he chose that. I wonder how much of YC's reputation was destroyed yesterday by this self-servin
by muzz 4y ago
These are Chicken Little scare tactics, and it is disappointing he chose that.
I wonder how much of YC's reputation was destroyed yesterday by this self-serving attempt.
It is unlikely that these companies won't have access to enough of their deposits to make payroll, and even if that rare case occurs there are many many alternatives available to them-- bridging from their VCs, from private lenders, etc.
Tan yesterday sounded a lot like that Zero Hedge guy back in 2009.