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What's the context here? When, where and for what did they recommend SVB? (FWIW, it did end well, as going with a relatively large federally insured bank meant
by n2d4 8mo ago
What's the context here? When, where and for what did they recommend SVB?
(FWIW, it did end well, as going with a relatively large federally insured bank meant that no one lost any money during the crash)
- wmf 8mo agoSVB was considered the "standard" bank for all startups for decades so it's not surprising that YC would give the same advice. If you run a startup out of a normal bank sometimes you get weird glitches: https://mitchellh.com/writing/my-startup-banking-story https://mitchellh.com/writing/my-startup-banking-story Of course today startups are probably using Mercury/Ramp/whatever.
- blibble 8mo agoI don't see any weird glitches there chase did what they were asked for years up to the point they were told there had fraud going on, at which point the walls went up which is entirely as to be expected
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