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Sorry, dumb question, I'm just a software engineer: If it's so easy to get it right, why so many companies got it wrong? Could it be because startups don't us

• mlyle 4y ago
  I think people mostly just ignored the risk. Venture capitalists provide banking advice to the companies they fund, and this isn't on the list of things most mention. Now we're reminded why it's a best practice. I think it's hubris to think that you can have tens of millions of dollars and can ignore vital things with it (account security, systemic risk from counterparties, etc).
• itronitron 4y ago
  Most startups aren't around long enough for it to be a problem.