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 m

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).