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It does. SVB is preferred by startups because they do things that other banks won't, riskier things. It's not the same as any old bank.
by iancmceachern 4y ago
It does. SVB is preferred by startups because they do things that other banks won't, riskier things. It's not the same as any old bank.
- thomasingalls 4y agoThis is a foolish take, because it ignores the thousands of workers who distinctly aren't high rollers. It's hard for me to see the moral difference between 'public workers pension fund' and 'workers trying to feed their families, who happen to work at a startup'
- iancmceachern 4y agoI also work at a startup. I have for much of my career. I said in my OP that my view is that the startups themselves should be bailed out, saving jobs like yours and mine. The VCs should then forfeit their shares to the US govt, to be sold later, to offset the costs of the bailout.