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Your company is the equity holder. You loosing last months paycheck is no different than what happens in the rest of the country any time an employer declares i
by sbaiddn 4y ago
Your company is the equity holder. You loosing last months paycheck is no different than what happens in the rest of the country any time an employer declares insolvency.
Also, I don't think people in SV appreciate how much rancor and resentment their behavior has generated in the last fifteen years.
- nerdponx 4y agoPlenty of people not in SV, engaging in actual productive enterprise, were also using SVB.
- sbaiddn 4y agoWhile I sympathize with them more than I would a tech bro, the principle is the same. What would happen if this happened to an employer's bank in Indiana? Your company's assets don't exist any more and you're insolvent. US bankruptcy protection is very generous, apply for it and try and to regroup.
- nerdponx 4y ago> What would happen if this happened to an employer's bank in Indiana? Literally the same thing would happen, and people wouldn't be making such a big deal about it being a handout to greedy convenience store owners who didn't perform exhaustive diligence on the bank up the street.
- s1artibartfast 4y agoI dont understand the hate against SV/ tech bros. What did they ever do to anyone else? Is it purely jealousy, or do people feel harmed?
- sbaiddn 4y agoAside from weaponizing the internet to help DC censor people it deemed icky? Taibbi testified in Congress just this week about it. Or, if in a touristy area, flooding their residential neighborhood with unregulated AirBnBs? If bicycle/motorcycle rider, putting "self/driving" cars they knew cant detect two wheeled vehicles? Adding a police detector to continue providing illegal taxi service in cities? Having a business model where our personal information is syphoned off and commoditized? Creating social media creating new, widespread, psychological diseases? Creating the infrastructure for mass surveillance through by selling access to their product through government partnerships? This is HN... all these stories well documented here.
- s1artibartfast 4y agoSounds like people cant distinguish between bad actors and actions and the technology sector at large. It also sounds like they can't distinguish between their own failings (in terms of personal behavior and bad government) and the failings of businesses.