Talk Your Book: Startups in a Crisis
Animal Spirits Podcast
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Silicon Valley Bank in Trouble
A lot of these companies that might have millions of dollars sitting in a bank just had no cash management strategy whatsoever. Now it's not only top of mind for founders, but VCs and their eternal quest to add value are doing all sorts of things to mandate certain cash management strategies. Have a lot of your idle cash in T-Bills. These are what some investors are recommending. They're saying keep $250k out of checking account, for example, to stay under the FDIC insurance eligibility. There are cool products out there now that have enhanced FDIC coverage as well through sweep networks.
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