> but people treat it as de-facto zero risk. FDIC guarantees deposits up to 250k and everyone should know this. I know grandmothers with better risk mitigation

> but people treat it as de-facto zero risk. FDIC guarantees deposits up to 250k and everyone should know this. I know grandmothers with better risk mitigation strategies than these startups. Your second paragraph is pure scare tactic. Companies that fail at the basics of managing their own money against simple obvious risks should face the result of their careless. They will be replaced by better-run companies.