@utahathletics@Utah_Football not allowing strollers for this game is a joke. How much contraband do you think you let in?? No strollers though. Moms want to go to the games too.
This whole banking situation is not settled yet but with #svb wires moving and the Bank largely working as before, startups (with a little more diversification in banking operations) are getting back to job #1 -- the difficult business of achieving P/mkt fit and creating enough value for customers that they will continue to pay in this challenging environment.
SVB crisis is what happens when our community fails to collaborate. We must commit to a new VC model: collaboration, responsible innovation, & appreciation of unintended consequences. We have a lot of work to do--together. My thoughts @theinformation: https://t.co/CN3mwLChVl
How do you deal with the threat of losing all of your company cash like so many companies have faced?
You should always have at least two financial partners.
One for day-to-day banking and another where you safeguard assets and mitigate risks.🧵
Brex just announced that it has diversified its own corporate funds and moved $200M to Silicon Valley Bridge Bank. Brex is also supporting any customers that move part of their funds to SVBB through the Brex dashboard. Thanks for the support! https://t.co/FnLjkpB8fX
I'm encouraging our portfolio companies to keep their money at SVB, & encourage you to do the same.
It's the safest place to put your money - fully guaranteed with no $250k limit.
We (tech/VC's) really need SVB & have a real chance to bring it back or find a friendly home.
Our partnership @fcollective just agreed to move money back into SVB. SVB is a pillar of the tech ecosystem, and we want to see it continue and thrive again. Those who feel the same should consider joining us knowing the bank is stable and fully backed by @FDICgov.
@AaronMitchy@TheDanJimenez Thank you, Aaron! I’m so excited to continue to watch HeroDevs grow! You’ve built something incredible. I hope to work together in the future.