Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?

4 pointsstickyNotes1883y ago6 comments

6 comments

Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. https://www.brex.com/svb-emergency-line

"oh ..... a bit late on that one, Charlie. I'll bet that smarts."

their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m

oh Brex just announced $2.25M FDIC insurance.

Get a real bank and stop worrying. There are other things to think about, don't waste cycles.

"A real bank" like SVB?

j / k navigate · click thread line to collapse

Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. https://www.brex.com/svb-emergency-line

"oh ..... a bit late on that one, Charlie. I'll bet that smarts."

their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m

oh Brex just announced $2.25M FDIC insurance.

Get a real bank and stop worrying. There are other things to think about, don't waste cycles.

"A real bank" like SVB?

j / k navigate · click thread line to collapse