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If a VC firm tells you to keep your funds in a bank that gets a run, and you lose access to it, that VC firm destroys its reputation forever. Please think abou
by throw123123123 4y ago
If a VC firm tells you to keep your funds in a bank that gets a run, and you lose access to it, that VC firm destroys its reputation forever.
Please think about the payoff matrix and the fiduciary responsibility of the actors.
- standapart 4y agoThis is a significant simplification of the matter. I doubt it works in reality. Replace the words "VC firm" with "Sequoia" in the previous statement and see if it rings true that Sequoia's reputation would be destroyed forever.
- throw123123123 4y agoWould take a massive hit for sure.
- zfell 4y agoNews of which funds sent emails asking their portcos to withdraw funds from the bank that has supported this industry for 40 years is a reputation hit in my view. Although it may certainly not be a popular opinion.