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Thanks! So where is the catch? According to https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-st
by ithkuil 4y ago
Thanks! So where is the catch?
According to https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk https://www.ycombinator.com/blog/urgent-sign-the-petition-no...
> In the Y Combinator community, one-third of startups with exposure to SVB used SVB as their sole bank account
Why did so many startups end up in that situation?
Is doing things properly too expensive? Or just requires hiring an expert? Hubris? (won't happen ever), calculated risk? (Among the many things that can go wrong in a early startup life, the bank going bust is the last worry)