It is an "extinction level event" for those whose bank accounts went to zero. We...

ahzhou · on March 11, 2023

It'll be a haircut (my uninformed bet is ~10% loss), but definitely not zero.

justinzollars · on March 11, 2023

How do you pay staff with no money?

decodebytes · on March 11, 2023

I do wonder how many left 100% of funds in there?

justinzollars · on March 11, 2023

Its a risk many did not consider. Garry Tan says 30% of YC companies.

anthomtb · on March 11, 2023

Is this is the source of that 30% number?

> 30% of YC companies exposed through SVB can’t make payroll in the next 30 days.

JohnFen · on March 11, 2023

This is what boggles my mind. How did they not consider and hedge against this risk? Why did their advisors not raise an alarm about this?

justinzollars · on March 11, 2023

Someone wasn't doing their job