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The regulators literally increased the limit required as a response to the lobbying of this specific bank. It's not "dumb regulators". The regulators didn't "s

The regulators literally increased the limit required as a response to the lobbying of this specific bank. It's not "dumb regulators". The regulators didn't "screw up". The government isn't coming to save you and you shouldn't expect it to, because it's literally controlled by the same griefters who have learned to perfect the art of milking money from everyone by taking innocent people hostage. Let them blow the hostages. Or get more hostage situations. I'm all in favor of letting them blow the hostages this time. The good startups will be forced to dilute the corrupt VCs who pointed them towards SVB, and raise money elsewhere. The bad startups should just fall.

gruez 4y ago
>The bad startups should just fall. The bad startups that... failed to do due diligence on which bank they chose? Do you really think that we should add "financial risk analyst" to one of the competencies required for a startup founder?
- Out_of_Characte 4y ago
  Although I wouldn't 'blame' startups that are having issues due to the bank run, They could have been in a better position if they understood that deposits are only insured up to 250k. If they had multiple accounts, their insurance would have been better and would also sustain less risk if any bank had permanent or temporary liquidity issues.
- machina_ex_deus 4y ago
  Startups literally fail all the time and for all sorts of different reasons. It's risky for a reason. This will change nothing, startups are still more likely to fail for the other 100 reasons. It is unfortunate, but it seems like if you allow bad people to take innocent people hostage and reward them for that, you only get more hostage situations. This is coming from a bank who had lobbied for the regulation to be repealed. That had the CFO of Lehman brothers from 2007. These are professional hostage takers. I would say persecute them, but we all know this isn't going to happen, and they aren't the only people acting this way. They are getting away with scamming people because we let the government make up the losses to the people they scam. It's no wonder the VCs fled the ship so fast, many of them knew what was brewing. This is VCs money that is lost. That's where startups get their money. These startups slept with dogs, they shouldn't be surprised they wake up with fleas. It's VC bank using VC playbook of zero or hero. Let them get the zero. Do you honestly think all those VCs had no choice in where their startups deposit their money?
- zainhoda 4y ago
  Yes. There’s a reason that MBAs are a thing. The actual MBA degree is worthless but if you’re trying to run a company, you need to understand that you have to know all of the material that is typically taught in an MBA.
  - zamnos 4y ago
    If you need to understand all of the material that is typically taught in an MBA, then it doesn't sound like the MBA is worthless.
- dustymcp 4y ago
  Maybe the take should be that like you scale your infrastructure and put it in different regions, maybe your banking should be treated the same way, it doesnt require you to be an analyst, it is just another way of covering your bases.

gruez 4y ago

>The bad startups should just fall. The bad startups that... failed to do due diligence on which bank they chose? Do you really think that we should add "financial risk analyst" to one of the competencies required for a startup founder?

Out_of_Characte 4y ago
Although I wouldn't 'blame' startups that are having issues due to the bank run, They could have been in a better position if they understood that deposits are only insured up to 250k. If they had multiple accounts, their insurance would have been better and would also sustain less risk if any bank had permanent or temporary liquidity issues.
machina_ex_deus 4y ago
Startups literally fail all the time and for all sorts of different reasons. It's risky for a reason. This will change nothing, startups are still more likely to fail for the other 100 reasons. It is unfortunate, but it seems like if you allow bad people to take innocent people hostage and reward them for that, you only get more hostage situations. This is coming from a bank who had lobbied for the regulation to be repealed. That had the CFO of Lehman brothers from 2007. These are professional hostage takers. I would say persecute them, but we all know this isn't going to happen, and they aren't the only people acting this way. They are getting away with scamming people because we let the government make up the losses to the people they scam. It's no wonder the VCs fled the ship so fast, many of them knew what was brewing. This is VCs money that is lost. That's where startups get their money. These startups slept with dogs, they shouldn't be surprised they wake up with fleas. It's VC bank using VC playbook of zero or hero. Let them get the zero. Do you honestly think all those VCs had no choice in where their startups deposit their money?
zainhoda 4y ago
Yes. There’s a reason that MBAs are a thing. The actual MBA degree is worthless but if you’re trying to run a company, you need to understand that you have to know all of the material that is typically taught in an MBA.
- zamnos 4y ago
  If you need to understand all of the material that is typically taught in an MBA, then it doesn't sound like the MBA is worthless.
dustymcp 4y ago
Maybe the take should be that like you scale your infrastructure and put it in different regions, maybe your banking should be treated the same way, it doesnt require you to be an analyst, it is just another way of covering your bases.