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0 pointsphone86753093y ago0 comments

That stinks, and I feel for them. Let's hope people will learn a lesson from this - never keep all your eggs in one basket.

0 comments

What about this other lesson: bankers need to be punished harder.

Or perhaps the other lesson is VCs shouldn’t create a run on the bank they holds their funds and the companies they invest in funds

We don't punish bankers in this country.

Aren't we talking about hundreds of millions/billions of dollars? At that scale, not a lot of baskets available.

Could a tech company have split their accounts into separate $250k accounts? I'm not sure if the bank would offer that.

j / k navigate · click thread line to collapse

What about this other lesson: bankers need to be punished harder.

Or perhaps the other lesson is VCs shouldn’t create a run on the bank they holds their funds and the companies they invest in funds

We don't punish bankers in this country.

Aren't we talking about hundreds of millions/billions of dollars? At that scale, not a lot of baskets available.

Could a tech company have split their accounts into separate $250k accounts? I'm not sure if the bank would offer that.

j / k navigate · click thread line to collapse