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Silicon Valley Bank: What Happened and Why

Founder's Journal

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The Importance of Keeping Multi Bank Partners

I think every part of, you know, again, these single points of failure, they don't they're they don't matter until they matter. Like I think about that with growth assistant and the Philippines sometimes like, well, should we be in multiple countries? So why would it have been worth the effort to actually keep your money and two or three different banking partners? Totally. It is important to be on top of these things. The founder has to doesn't matter how big the company has has to ultimately own the balance sheet and own that cash number. And nobody else can ever fully truly own that.

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