Silicon Valley Bank PSA

PSA for the few founders that haven't heard about Silicon Valley Bank.

Get your money out ASAP.

You don't want to be the cause of a bank run but it's much worse to be the last person standing.

Likely outcome - the Fed steps in and 'encourages' someone to buy them. Don't rely on this.

Future mitigation - multiple banks accounts and have them with listed businesses and watch their share prices like a hawk.

#founders #startups #venturecapital #buildinginpublic #investinginpublic