If the startup was advised to do that by a VC who believed the government would come in and rescue uninsured deposits, then yes. And they should take up their f

If the startup was advised to do that by a VC who believed the government would come in and rescue uninsured deposits, then yes. And they should take up their frustration with that VC, not the rest of us. Because banks use deposits to fund investments, deposits have a risk of loss. That’s why there’s insurance available for them. Businesses and wealthy individuals have been navigating their way through this risk for a long time. The need to do so is not rarified knowledge and the means are not secret.