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YC sent out a survey this morning to all companies asking if effected
by mattkrisiloff 4y ago
YC sent out a survey this morning to all companies asking if effected
- DWqRdped 4y agoFounders lie on those surveys. I bet its closer to 50% who can't make payroll for a month if they only have access to 250k
- Turing_Machine 4y agoAt the median Silicon Valley engineering wage, $250k would be enough to pay about 100 engineers for one week, or 25 engineers for a month. Yeah, $250K isn't going to go very far.
- kragen 4y agomost california companies issue paychecks every two weeks
- Turing_Machine 4y agoOkay, then. 50 engineers for two weeks. I'm not sure why that matters?
- kragen 4y agoenormously more companies have 50 employees or more than have 100 employees or more
- kragen 4y agothanks, did it ask specifically if they couldn't make payroll, or just whether they were affected?
- cedricd 4y agoIt asked specifically if they couldn't make payroll for the next 30 days Also -- it's 30% of those who responded to the survey. So lots of startups could be banking with SVB and have not bothered to fill it out. Maybe those less likely to make payroll would be more likely to fill out the survey
- kragen 4y agothank you very much