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I'm 100% in support of a bailout... ...with the federal government taking equity in return, at the last valuation, diluting existing owners. That would let th
by blagie 4y ago
I'm 100% in support of a bailout...
...with the federal government taking equity in return, at the last valuation, diluting existing owners.
That would let the businesses keep running, without the "privatize gain / socialize loss" merry-go-around.
- drexlspivey 4y agoWhat equity are you talking about? It’s already wiped out, anyone can buy SVB for $1
- blagie 4y agoEquity in startups which had deposits there. If you need $100k next month to meet payroll, and you had it deposited in SVB, the Fed will cut you a cheque for $100k, and in return, receive $100k in equity at the more advantagous (to the Fed) of your last valuation and your next valuation.
- malermeister 4y agoEquity in the startups in question.
- ec109685 4y agoThey are upside down, so there isn’t anything to take.