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With YC’s deep and broad connections in the VC, tech company, and ultra high net worth communities why doesn’t it organize a private bailout instead of asking f
by bradleyjg 4y ago
With YC’s deep and broad connections in the VC, tech company, and ultra high net worth communities why doesn’t it organize a private bailout instead of asking for a handout?
- Cthulhu_ 4y agoBecause all the money is in the same bank; can't do a private bailout if you can't access your money. (I'm half joking, I'm sure there's a lot of money there not at those banks. Also, the big companies have so much money, they can buy this bank and get a chunk of all the startups easily enough).
- johnbellone 4y agoThe music stopped. Hopefully some of the people that got out of their chairs went to a real bank.