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Silicon Valley's Blank - DTNS 4475

Daily Tech News Show

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VCs and the FDIC - Is This a Leap Forward?

The FDIC is trying to teach that we'll keep the depositors covered but the stockholders and the people who have debt are not going to win if you let a bank fail. Many of those businesses will be saved by this action. And also many venture capitalists who had money in this bank of more than $250,000 will also be saving by this rescue package. So there's going to be sort of like that political ripple effect, which will affect this industry. But if you have a good idea and a great business plan and product market fit You're still going to get funded but it's gonna be a lot harder.

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