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if you read the post, this is not a loan for a couple of days > Brian McDanial (fantastic attorney) at Wilson Sonsini figuring out exactly how to structure the
by PaywallBuster 4y ago
if you read the post, this is not a loan for a couple of days
> Brian McDanial (fantastic attorney) at Wilson Sonsini figuring out exactly how to structure the fund
it's a gamble/bet that the deposits will either be made whole or paid more than they're offering (90-95%)
But with such a nice offer, the fund was most likely to make little to no profit so it would be more like "public-benefit corporation"
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If you're around the right circle - founders/VC doing capital raising you probably know a few people who often invest or may have "exited" already
so you can just get in touch "
would you like to save SV startups?
I'm planning to make a fund that will buy SVB deposits at 90% or more from companies to ensure they have enough liquidity for payroll and other operational costs
This is mainly in the public interest by helping startups survive through the whole ordeal until something is sorted out so unlikely you'd make a profit here
"