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They aren't wrong that there are some companies that feel more comfortable if you have more money in the bank BUT most companies wildly overestimate how much pr
by ultrasaurus 3y ago
They aren't wrong that there are some companies that feel more comfortable if you have more money in the bank BUT most companies wildly overestimate how much prospects care. Case studies in their industry & Gartner quadrant > $100MM in the bank.
TL;DR: It's an appendix slide in your first meeting deck, don't put it up front :)
- devoutsalsa 3y agoAfter the SVB collapse, hopefully they have the $100MM as $250K in 4000 different bank accounts to duck under those FDIC insurance limits.
- sebastiennight 3y agoThat would be $1 billion :-) So I guess 400 bank accounts would be enough?
- devoutsalsa 3y agoWhoopsie. I can haz calcul8tr?