
Okay, Computer: Move Slow & Don’t Break The Bank w/ Deirdre Bosa, Rick Heitzmann and Jeff Richards
RiskReversal Pod
00:00
Is the $250,000 Limit a Startup Problem?
The FDIC's $250,000 limit on bank deposits has been raised to $500,000. But many small businesses don't understand the difference between cash and T-bills or how to manage that money. The problem was not poor financial management by startups but rather a lack of treasury management at Silicon Valley Bank. "This is not a startup problem," says CFO John MacIntosh.
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